The world is more connected than ever, and mining technology and service companies are no exception. As they expand their reach globally, they need to follow their clients to new markets, from a copper mine high in the Andes to the icey cold winters of Northern Canada. When exploring new markets, it’s the classic “chicken or egg” dilemma: You want to see success before committing to the expenses of a local operation, but as soon as you start generating revenue, the risk of being classified as a PE increases.
Water issues in Latin America are very important, particularly in Chile, given the reduced rain fall which has limited fresh water for agriculture and personal use over the past 10 years. Companies such as Utilis are providing technologies that are helping water utilities to save water and increase efficiencies of their distribution systems
The Ministry of Mining and Energy reported that a total of 100 mining projects had their environmental permits approved during the first quarter of 2021. Future global growth in the mining industry will mainly be from copper and lithium. Chile has a fantastic copper project pipeline and abundant lithium.
Chile uses electronic invoicing but many companies do not know that they only have 8 days to reject an invoice. If an invoice is not rejected then it can be used as evidence that a service was provided even when it was not.
We set out this year to interview operational and managerial staff from both the Chilean and Peruvian mining industry. We provide the number one piece of advice that came from those interviews.
Foreign companies will often use joint ventures to enter a new market or to assist on a specific project. We provide a high level practical overview of how they can be structured in Chile.
This week we interview Felipe Román Briones, Union President in Compañía Minera Doña Inés de Collahuasi, about his view on technology and how employees are being incorporated into the new change.
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