The country produced 1.15 million tons in the first ten months of 2014.
Mine investment in the country totaled US$7.05 billion.
Projects will create around 75,000 direct and indirect jobs in the country.
Resources will come from fund set up to tackle drop in metals prices.
During the meeting, which included the USM’s Center for Modelling and Development in Mining, the authorities discussed issues such as mining regulations, technological innovation and the management of a portfolio of mine projects.
While the portfolio of mine projects to June 30th last year implied spending totaling US$41.863 billion over the following five years, by September 30th this year, the figure had fallen to US$32.148 billion.
Speaking at the Annual Convention of the Chilean Institute of Mine Engineers, the project’s senior vice-president Eduardo Flores said that the company is close to presenting the project to the authorities for their approval.
The process will be led by the Bolivian Trade Unions organization, the Bolivian Federation of Mineworkers Unions and the Ministry of Mining and Metallurgy.