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.
Each year, Chilean Copper Commision publishes a report that outlines exploration investment. We have provided an overview of their 2023 report which gives us insight into the health of the Chilean junior mining market. Chile maintains the top investment destination for exploration spending in Latin America in 2023 and is ranked 4th globally.
Chile released its national green hydrogen strategy in 2020 which set out a road map for the country to become a major exporter. The country has the largest project pipeline in the Americas but there is still plenty of challenges that remain on the road ahead. Check out our overview of where things currently stand with the Chilean hydrogen industry.
Working with local partners can be a cost-effective way of entering a new market but it also carries risk for foreign companies. Companies end up wasting time and energy on partners where the sales either do not come or are they are extremely underwhelming. Check out our tips to help you get the most out of your distribution relationship.
Mining technology companies looking at Latin America need to decide on the best way to service the region. One of the first decisions that companies need to make once they confirm a market has potential is whether they will work through partners or sell direct to the mines.
When sending staff to do work in Chile, our clients often ask us whether a work visa or simply a work permit is needed. There are different matters to consider when determining which one is needed. We have provided a brief overview to help companies understand the differences.
Industrial technology companies rely on international markets since they often need to follow their clients to where the projects exist in the world. Working in foreign jurisdictions brings some unique challenges and risks. Permanent Establishment is one of them.
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