Bolivia will consider nationalizing South American Silver's (TSX: T.SAC, Stock Forum) silver property, Reuters reported on Sunday, although President Evo Morales said he hadn't taken a final decision on whether to revoke the Canadian miner's concession.
"Nationalization is our obligation, I already raised the issue of nationalizing (the Malku Khota project) last year, and I told (local residents) to reach an agreement, because when they want we're going to nationalize," Morales told a farmers' gathering.
A Bolivian man died and at least four others were hurt as protesters occupied the property, local media reported on Friday.
South American Silver plans to invest about $50 million exploration work at its Malku Khota project, which is expected to end within three years. The company describes it as "one of the world's largest undeveloped silver, indium and gallium deposits."