Sneak Preview: Mergers & Acquisitions in Mining Tech with Ivan Gustavino
In this sneak preview, Ax Legal’s Managing Partner Cody McFarlane speaks with Ivan Gustavino, Managing Director at Atrico, who has advised over 100 high-growth companies in mining, industrial tech, and software. With M&A activity heating up, Ivan breaks down what investors and buyers really look for in mining technology companies today.
Lithium Americas announced this week that they have started production at its Cauchari-Olaroz Project located in northwest Argentina’s Jujuy province. The USD$979m lithium project is expected to produce 40,000t of battery-grade lithium carbonate over an estimated operational life of 40 years.
Last month, the Chilean government announced their long-awaited National Lithium Strategy. We have provided a recent “snapshot” of the Chilean Lithium Industry so that everyone can understand where it currently stands and where it goes from here.
Teck’s copper project pipeline keeps advancing. The USD$1.2B Zafranal copper project in Peru recently received environmental approvals paving the way for final engineering and construction approval. Check out our project spotlight for an overview.
Sierra Gorda started production in 2014 as a low-cost, low-grade copper operation. Unfortunately, it is the perfect example of how large-scale projects can be risky and not always operate as planned. After years of challenges, Sierra Gorda is on track, producing a record amount of copper, profitable, and has some exciting developments.
Copper is getting more difficult to find and process at a time when the world is facing a copper crunch with demand expected to outstrip supply in the near future. New technology developments for the copper industry could help the world meet demand while lowering energy and reducing water usage. Check out our article that covers some of these technologies and how they are being deployed in Latin America.
Argentina is blessed with natural resources, but the mining industry still remains relatively underdeveloped compared to its neighbors. This is set to change over the next few years with a renewed focus by industry players who see the potential of world class copper and lithium deposits.
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