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.
Gold Fields announced in January 2021 that it had formally began construction of the mining infrastructure at the $860m Salares Norte project in the Atacama Region in northern Chile. The project unique circumstances means it will need to deploy high levels of technology making it one of most digitalized mines in Latin America.
Companies often overlook the importance of the dismissal letter. An improperly drafted dismissal letter will lack the legal grounds to ensure the cause of dismissal would be upheld if the matter were to go labor courts.
In part two of our summary, we will focus on the FutureSmartMining program that Anglo has been working on since 2017. The idea of the FutureSmartMining program is to reduce the environmental footprint from new ways of mining, by using precision mining technologies and data analytics.
Antofagasta Minerals recently published their challenges for 2021 with the purpose of communicating their operational challenges from their various mines with the goal of generating solutions from suppliers.
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.
Santiago
Sydney
Lima