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.
Do the economics justify the transition to electrification in mining? The business case for electrification in mining is compelling due to its numerous benefits. However, the high initial capital investment and uncertainties about operational performance have been significant financial hurdles for many companies. Check out our summary of the EMC Report which outlines the business case for electric mines based on their research over the last 4 years.
Colombia always had the potential to become a major mining jurisdiction but the mining sector is now completely frozen. There is a high level of uncertainty due to the governments push to reform the mining code, create a state mining company, and new a environmental decree.
Ecuador has incredible potential to become a major copper and gold producer. In recent months, the mining sector has had positive news with projects starting to advance as they have overcome obstacles related to community relations and permitting. Although there is some positive signs that the project pipeline is starting to advance, there is still a long road ahead for the country to become a major mining jurisdiction.
As one of the world’s leading copper producers and a major agricultural hub, Chile’s economy is deeply intertwined with its natural resources. The change in climate has far-reaching impacts on various industries that are crucial to Chile’s economy. As climate change progresses, these industries must navigate the challenges posed by changing precipitation patterns, rising temperatures, and more frequent extreme weather events.
Chile has been very clear abouts its lofty goals to build a world leading hydrogen industry. The US$11bn HNH Green Amonia Project is the latest project to be submitted to the environmental review process and the largest investment project that has ever entered the Environmental Impact Assessment System to date. Regardless of whether the project is approved, this is an important sign for the industry which needs a healthy pipeline of projects to be advancing.
Mining is one of the main drivers of the Chilean economy, and water scarcity is a risk for both existing operations and new mines that will need to be built. The Copper Commission (Cochilco) has been studying water usage in the industry for the last few years. Last week they released their new report, which outlines their projected water usage for the Chilean mining industry between 2023 and 2034.
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