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.
Brazil is quietly undergoing one of the most significant mining investment booms in the world—and it’s no longer just about iron ore. With US$68.4 billion in projected investments between 2025 and 2029, the spotlight is now shifting toward critical minerals like lithium, copper, and nickel, positioning the country at the heart of the global energy transition.
The latest report, published in March 2025, highlights progress in women’s representation in Chile’s mining sector based on 2023 data. While advancements have been made, significant work remains to close the gender gap. The report offers a detailed analysis of key trends, challenges, and the impact of policies aimed at promoting gender equality in the industry.
BHP is investing over $10 billion in Chile to strengthen its position in global copper production. The expansion of Escondida, Spence, and Cerro Colorado will boost demand for mining equipment, construction, and engineering, while automation, electrification, and digital technologies create new opportunities for tech suppliers.
Chile continues to be a dominant force in the global mining industry, with substantial investment directed toward copper projects, while gold developments have received comparatively less attention. The recent commencement of construction at Rio2 Limited’s Fenix Gold Project underscores the country’s ongoing efforts to diversify its mining sector.
Peru is a prime destination for mining suppliers due to the USD$55b project pipeline. As the second-largest producer of copper globally, Peruvian miners have significantly increased their investments in advanced technology, equipment, and services, making the country an attractive market for suppliers. As we approach 2025, several projects are worth watching closely, as they have the potential to begin construction in the near future.
The Chilean mining industry has been grappling with significant challenges over the last few years but is now entering a transformative era of mining investment potentialy growing its project pipeline to over USD$80b. This year there have been major announcements including $13.7 billion from BHP, $7.57 billion from Antofagasta Minerals, and $7.5 billion from Freeport and Codelco to expand El Abra.
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