Empresa Minera Manquiri

What Empresa Minera Manquiri does

Empresa Minera Manquiri S.A. is a Bolivian mining company and wholly-owned subsidiary of Coeur d'Alene Mines Corporation, established in 2008 to develop the San Bartolomé silver operation in Potosí. The company's core business is processing centuries of accumulated surface mining waste (pallacos, sucus, desmontes) deposited on the slopes and periphery of Cerro Rico into silver ingots, combining environmental remediation of acid-generating contaminants with economic metal recovery from low-grade material.

The underlying technology is a purpose-built metallurgical processing plant (Planta San Bartolomé) that extracts silver from surface waste material, paired with engineered tailings dams (Diques de Colas) described as unique in Bolivia for their environmental design. Revenue is channeled in part through the Fundación para el Desarrollo Sostenible de Potosí (FUNDESPO) into a downstream Potosí silver jewelry export industry, tourism, heritage preservation, and healthcare and education programs. The ~$220 million construction investment over an 18-month period funded these assets and generated approximately 2,200 construction-phase jobs alongside $30 million in local procurement.

The revenue model is commodity-driven: silver ingots are sold through direct B2B relationships to refineries, industrial buyers, and export markets, with pricing set by global silver markets rather than proprietary tiers. The primary customer segments are industrial silver offtake and export-oriented jewelry manufacturers. Distribution is regional via direct enterprise sales. The company's go-to-market is a multi-stakeholder strategic alliance binding COMIBOL (Bolivia's state mining corporation), cooperative miners, indigenous origin communities, and local citizens — providing both social license and operational integration.

Name

Empresa Minera Manquiri

Legal name

Empresa Minera Manquiri S.A.

Website

https://manquiri.com.bo

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

101–250 employees

Short description

Empresa Minera Manquiri S.A. is a Bolivian subsidiary of Coeur d'Alene Mines Corporation that operates the San Bartolomé silver mine in Potosí, processing surface mining waste from Cerro Rico into silver ingots while running environmental remediation and the FUNDESPO community development foundation.

Ownership category

akta.pro rank

Product category

Silver Mining

NAICS

Other Metal Ore Mining (21229)

SIC

Gold And Silver Ores (1040), Metal Mining (1000)

akta.pro primary industry

Silver Mining (IMAKAEAB)

akta.pro secondary industries

Precious Metals Ore Processing & Beneficiation (IMAKAEAD), Mining & Heavy Metals Remediation (Acid Mine Drainage, tailings-impacted sites) (BPALAKAK), Mining & Mineral Processing Facility Construction (IMAFADAE)

Keywords

• Silver mining
• Environmental remediation
• Mineral processing
• Precious metals extraction
• Mining operations

Headquarters

HQ city

Potosí

HQ country

Bolivia

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Infrastructure, Supply Chain

Revenue model

1. Silver Ingot Production: Primary revenue from mining and processing surface materials to produce silver ingots for sale to industrial buyers, refineries, and export markets. Revenue is commodity-price dependent and volume-based on processing capacity.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels1 record

Core offering

Empresa Minera Manquiri S.A. operates the San Bartolomé mining project in Potosí, Bolivia, producing silver ingots by processing accumulated surface materials (pallacos, sucus, and desmontes) from the slopes and periphery of Cerro Rico. The operation integrates environmental remediation of the historic mining site with commercial silver recovery, using a metallurgical processing plant and specially constructed tailings dams. Through the FUNDESPO foundation, silver revenues are channeled into regional development programs including silver jewelry manufacturing, tourism, heritage preservation, healthcare, and education.

Product overview

Empresa Minera Manquiri operates as a subsidiary of Coeur d'Alene Mines Corporation, developing the San Bartolomé mining operation in Potosí, Bolivia. The company's portfolio consists of two integrated core offerings: the San Bartolomé silver production operation, which processes surface materials from Cerro Rico to produce silver ingots, and the associated environmental remediation services that clean contaminated materials from the historic mining site. Through FUNDESPO (Fundación para el Desarrollo Sostenible de Potosí), the company also supports community development programs including silver jewelry manufacturing, tourism, and cultural preservation initiatives. The investment during the construction phase was approximately 220 million US dollars.

Differentiator

Problem solved

Functional benefit

Products and services

• San Bartolomé Silver Ingot Production
• Environmental Remediation Services (Remediación Ambiental)
• FUNDESPO Sustainable Development Programs

Quantifiable outcome

• Removes significant volume of surface materials (pallacos, sucus, desmontes) contaminating Cerro Rico environment
• +2 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered flagship and core.

• Corporación Minera de Bolivia (COMIBOL)flagshipStrategic or Co-development PartnerState mining corporation partnering as part of the first-ever strategic alliance between an investor company, cooperative miners, COMIBOL, indigenous communities, and local citizens for the San Bartolomé operation.
• Cooperativas Mineras (Cooperative Miners)flagshipStrategic or Co-development PartnerImportant social-productive sector integrated as a key partner in the San Bartolomé strategic mining alliance, representing cooperative mining interests.
• Comunidades Indígenas OriginariascoreStrategic or Co-development PartnerIndigenous origin communities adjacent to the project area participate as stakeholders in the strategic alliance, benefiting from land sanitation and development programs.
• Fundación para el Desarrollo Sostenible de Potosí (FUNDESPO)flagshipStrategic or Co-development PartnerFoundation established to channel San Bartolomé silver revenues into sustainable regional development: silver jewelry export industry, tourism, heritage preservation, healthcare, and education initiatives in Potosí.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Hecla Mining Company: Long-standing U.S.-listed silver producer with operations in the Americas; comparable as a primary silver producer with similar ore-processing and refining-to-ingot economics.
• First Majestic Silver: Pure-play silver producer with operations in Mexico; comparable as a silver-ingot producing peer with similar scale, processing-plant economics, and exposure to silver price volatility.
• Pan American Silver: Large primary silver producer with multiple Latin American mines, including in Bolivia-adjacent jurisdictions; comparable by virtue of silver-focused production, similar processing approaches, and exposure to Latin American mining risk.
• Hochschild Mining: Precious-metals miner with significant silver production in Peru and historically in Argentina; closely comparable in Latin American underground/surface silver production, community-relations focus, and operation scale.
• Fortuna Silver Mines: Mid-tier silver and gold producer operating in Latin America (Mexico, Peru, Argentina, Côte d'Ivoire); comparable in silver ingot output, Latin American operating risk, and small-to-mid-cap precious-metals profile.

Emerging players

• MAG Silver: Silver developer with significant operations in Mexico; comparable in silver-focused production and similar ore-processing methodologies at smaller scale.
• New Pacific Metals: Silver-focused developer with primary assets in Bolivia; directly comparable as a Bolivian silver peer exposed to the same regulatory and operational environment as Manquiri.

Broad incumbents

• SSR Mining: Diversified precious-metals producer (gold and silver) with operating mines across the Americas; comparable in silver and gold co-production from Latin American operations and in scale of open-pit/heap-leach processing.
• Coeur d'Alene Mines Corporation: Parent company of Manquiri and a major publicly listed silver and gold producer with operations across the Americas; directly comparable in silver production economics, processing technology, and underground/open-pit operations.

Regional players

• Corporación Minera de Bolivia (COMIBOL): Bolivian state mining corporation and a direct strategic partner of Manquiri at San Bartolomé; comparable as a domestic Bolivian mining operator with overlapping interests in silver and polymetallic ores in Potosí.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/empresa-minera-manquiri

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Empresa Minera Manquiri