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.
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.
We often find that when mining technology and services companies are reviewing a mining services contract, IP is merely a secondary consideration even though it should be an essential part of the contract. It is critcal for METS companies who are entering into contracts to understand how to protect their intellectual property.
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.
The Chilean state copper commission released its new forecast for the mining project pipeline which accounts for $68.9 billion in mining investments from 2021 to 2030.
We had the opportunity to speak with, Latin American Director for Nextore, a growing technology company with its proven “Bulk Ore Sorting” solutions for the mining industry.
Santiago
Sydney
Lima