As a legally established foundation under Bolivian regulations, at the end of each year, or at any time when the Bolivian State requires it, FUNAM will submit financial reports detailing the use of the donations received, thus ensuring a transparent and law-abiding operation.
It has about 11,000,000 inhabitants who live in three different areas: tropics, valleys and highlands. According to the UN, it is one of the poorest countries in South America. Bolivia’s main economic activity is natural gas, and the second is mining: state-owned, private and cooperative mines.
In 1952, the miners made a revolution to change the economic, political and social situation, since all the mines were private and controlled by three powerful men known as the Lords of Tin: Patiño, Aramayo and Hoschild. The former was the richest man in the world. After the revolution, the mines were nationalized and COMIBOL (Corporación Minera de Bolivia) was also created. In 1984, the state mines were closed (state decree called relocation) and more than 30,000 workers were laid off from the state mines. Today, the mines of Cerro Rico are still exploited by thousands of mine workers