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.
Suppliers looking to grow internationally need to be in Latin America considering the outlook for the industry. We have compiled a list of already operating projects to help suppliers understand the existing opportunities which should help as they build their sales pipeline.
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.
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.
Anglo American has provided an update on its Quellaveco mine in Peru. Construction has proceeded this past year and the project is an important part of the Peruvian mining pipeline.
Mining suppliers may use a local subcontractor for their installations at a mine site or to provide specialty services that are part of a larger contract but outside the suppliers’ core capabilities. The issue is that foreign companies can find themselves in trouble if they do not understand the risks that are particular to Chile and how to manage them when using subcontractors.
Víctor Barrientos, a Mechanical Civil Engineer from the University of Chile, who has worked as a Maintenance Manager with CAP Mining, Anglo American, and SQM, tells us about his experience in the Chilean mining industry.
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