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.
Santiago metro has grown considerably over the years with another significant expansion just starting construction last week. We have provided an overview of the system and the new expansions that will take place between now and 2030 giving the network a total of 180km in track.
Peru is already a great market for mining suppliers but the pipeline of future projects makes it even more interesting. Peru has grown its copper production considerably over the last 10 years. The Peruvian Energy and Mines Ministry released their updated forecasts on the project pipeline. Check out our summary.
Another project in Chile’s USD$68.9 billion project is advancing. This time it is Kinross’s usd$1b Lobo Marte which has completed its prefeasbility study and is now moving to its enviromental permits.
The Chilean state copper commission released its new forecast for the mining project pipeline which accounts for $68.9 billion in mining investments from 2021 to 2030.
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