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.
Brazil is an important mining market that provides some attractive opportunities to mining suppliers. The country’s mining association Ibram has recently released its report projecting an increase in investment from US$40.4bn to US$50bn for the 2023-27 period.
Each year, the Chilean Copper Commision (Cochilco), publishes a report that analysis junior mining investment. We have provided an overview of their 2022 report which gives us insight into the health of the Chilean junior mining market.
Albemarle and SQM are the only lithium players with producing assets in Chile. The good news is that this could change with a recent announcement from CleanTech Lithium, who has recently announced positive results from its Laguna Verde Scoping Study
El Domo is expected to be the next Ecuadorian mine to be built starting in 2024. It will be Ecuador’s third major mining operation after the Mirador copper mine and Fruta del Norte gold mine.
The Chilean mining industry had an interesting year in 2022. Some of it was positive while other news has raised some concerns. Check out our highlights from the year with links to articles regarding the most important mining topics.
Anglo Americans’s Innovation and Technology Manager, Rodrigo Subiabre, presented some details on the company’s technology push at the Copper 2022 conference held last week in Santiago. For mining technology and service companies, updates such as these give insight into where the industry is going.
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