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.
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.
Many companies will choose to sell their product through a distributor when looking at international markets. To avoid problems, you should follow some of our practical tips that we have learned from helping our clients over the years.
Ignacio Garrido, Principal Community and Innovation Director for BHP, was gracious enough to discuss the development of technology and innovation in the Chilean mining sector from his personal point of view.
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