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.
Last year, a new 19% VAT on digital services was introduced in Chile. The new law has far reaching effects on all companies that provide software as a service to Chilean residents and companies.
The Ministry of Mining and Energy reported that a total of 100 mining projects had their environmental permits approved during the first quarter of 2021. Future global growth in the mining industry will mainly be from copper and lithium. Chile has a fantastic copper project pipeline and abundant lithium.
We set out this year to interview operational and managerial staff from both the Chilean and Peruvian mining industry. We provide the number one piece of advice that came from those interviews.
Mauricio Jiménez, Managing Director of Schenck Process South America regarding their operations in the Regions, new trends in global technology, and opportunities for foreign suppliers.
This week we interview Felipe Román Briones, Union President in Compañía Minera Doña Inés de Collahuasi, about his view on technology and how employees are being incorporated into the new change.
Many companies will choose to sell their product through a distributor when looking at international markets. To avoid problems, you should follow some of our practical tips that we have learned from helping our clients over the years.
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