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.
Peru has become an attractive emerging market for foreign investors. Particularly for foreign companies providing technology or services to the mining or industrial sectors. It is important for companies to understand the local labour laws when hiring workers in Peru as there are some key differences to other countries.
This week we interviewed Felipe Lagno, currently the Innovation Manager for the Northern Division of Codelco. Felipe outlines the current digital transformation and new trends in the Chilean mining industry.
We had the opportunity to speak with Federico Gálvez-Durand, an engineer with who has spent his career working in large companies, such as Oracle, IBM, Antofagasta Minerals and Teck.
5G will bring new opportunities for mining companies. Mining technology companies will benefit as they will be able to provide new technologies that will further automate operations creating safer and more efficient mines.
Gold projects in Latin America continue to advance. There are 6 mega projects in the pipeline with a capex of at least USD$1B and have a potential output totaling around 3.3Moz/y
Peru has a large project pipeline of mining projects totaling approx. USD$58bn and should be the focus market for mining suppliers due to the fact that the local miners are open to new technologies and it is still relatively open in terms of competition compared to Chile.
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