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.
The 2050 National Mining Policy outlines how the country could harmonize the development of the mining industry with the environment, achieve carbon neutrality, and grow the circular economy model. For mining suppliers, it provides critical insight into where the industry is going and what future solutions will be needed.
Santiago metro has grown considerably over the years with another significant expansion just starting construction last week. We have provided an overview of the system and the new expansions that will take place between now and 2030 giving the network a total of 180km in track.
Peru is already a great market for mining suppliers but the pipeline of future projects makes it even more interesting. Peru has grown its copper production considerably over the last 10 years. The Peruvian Energy and Mines Ministry released their updated forecasts on the project pipeline. Check out our summary.
The year has just started and there is already some important news coming out of Chile. Our mining news flash is meant to provide quick insights into some of the most interesting topics of the week.
Chile has faced a severe and long drought. Although the mining industry only uses 9% of the countries water, most operations are located in Northern Chile where water is the scarcest. Mining companies are going to extreme lengths to ensure they have water for thier operations.
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