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.
Working in foreign jurisdictions brings some unique challenges and risks. It is important for companies when they start looking at a new market or win a contract to have a clear understanding of how to deal with the obligations and liabilities that arise when working in a country where they do not have a legal entity.
Chile is advanced in many areas but the banking industry is still very conservative and does live up to the expectations that foreigners have. It is by far the most difficult part of getting your company operational. We provide some practical tips to help companies improve thier banking relationships.
When companies hire their first employees, they start to see some of the key differences to how labor laws and practices work in Chile compared to other countries. We have provided a quick fact sheet of the most common questions that arise during the hiring process.
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.
As of Friday, February 4, 2022, there is changes to the Mining Code which are important for companies who are operating in the Chilean mining industry.
In 2020, Chile released its green hydrogen strategy which set out to make the country the top destination for hydrogen investment in Latin America. We provide an overview of the project pipeline and how it is moving forward.
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