ESG

Cerro Rico production stops after nearly 500 years

Quarrantine halts Cerro Rico

Cerro Rico rising above Potosi in 1553

Cerro Rico rising above Potosi in 1553

Editor's Note: Mining Journal is making some of its most important coverage of the COVID-19 pandemic freely available to readers. For more coverage, please see our COVID-19 hub. To subscribe to Mining Journal, click here.

More than 10,000 miners have downed tools as part of a national quarantine to limit the spread of the virus.

"We have no records or in the books of the Potosí Council, which span from the sixteenth century to the nineteenth century ... of references that say that Cerro Rico stopped operating," said Daniel Oropeza of Bolivia's Historical Society.

Discovered in 1545, Cerro Rico is the GOAT (greatest of all time) of the silver world, a deposit which has produced billions of ounces of silver, funding Spain's colonial empire and a litany of wars with the British, Dutch, and French while Bolivia and its people remained poor.

Important enough to appear on Bolivia's flag, the population of Potosi grew to more than 160,000 in the eighteenth century, larger than London at the time, as slaves were brought in to work the mines at almost 4,800m above sea level.

The mine is estimated to have claimed some 8 million lives over its history as Eduardo Galeano pithily referred to in his seminal book, The Open Veins of Latin America: "You could build a silver bridge from Potosí to Madrid from what was mined here - and one back with the bones of those that died taking it out."

Cerro Potosi, riddled by adits which have provoked the collapse of its summit, is now exploited by mining cooperatives.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.