Sneak Preview: Mergers & Acquisitions in Mining Tech with Ivan Gustavino
In this sneak preview, Ax Legal’s Managing Partner Cody McFarlane speaks with Ivan Gustavino, Managing Director at Atrico, who has advised over 100 high-growth companies in mining, industrial tech, and software. With M&A activity heating up, Ivan breaks down what investors and buyers really look for in mining technology companies today.
VAT is an important consideration in Chile given that it is 19%. We help companies understand how to manage this unique situation, particularly in contracts where different services may be provided and when some of those services may be exempt of VAT.
Many of us are hearing comments about the Chilean Presidential Elections but it can be difficult to find a detailed summary in English of the leading candidates platforms. It is still very early in the election process so much could change before November.
Less than one per cent of exploration projects typically progress to establishing a mine. New discoveries are hard to come by and technology will play a huge part in finding new deposits. In order to be successful, the industry continues to innovate, creating new tools, approaches and techniques.
The growth in the mining sector has attracted foreign mining suppliers who are looking to tap into a healthy project pipeline that is set to come online over the next 10 years. One of the considerations that foreign companies need to understand when doing business in Peru is is how employee profit sharing works.
Gold Fields announced in January 2021 that it had formally began construction of the mining infrastructure at the $860m Salares Norte project in the Atacama Region in northern Chile. The project unique circumstances means it will need to deploy high levels of technology making it one of most digitalized mines in Latin America.
It is important for international companies to understand how contracts and specific clauses are dealt with in each country they are operating in. For companies that originate from common law countries, you may not find some of the clauses you would typically be concerned with and may be important to negotiate in Chile.
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