NEW YORK — A Swedish mining company has been arrested and charged with illegally extracting copper from a copper mine in Bolivia, authorities said Tuesday.
The Swedish company, Thorvalds Gold Corporation, was charged Tuesday with illegally obtaining copper from the Arasco copper and zinc mine in northern Bolivia, the National Mining Commission said in a statement.
The mine is located in the northern state of Bolivar and is the largest copper deposit in the world.
The mining company is a subsidiary of the Swedish company Thorvards, which is based in Sweden.
The company has also been accused of stealing millions of dollars in copper and gold from the mine, according to the commission.
The investigation was launched in 2015 after an independent expert team found that Thorvards mining company’s copper extraction methods were not sustainable, according the commission’s statement.
In November 2016, the commission ordered the company to pay a $8.6 million fine, which included interest.