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.
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.
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.
Chile’s concession system has come a long way over the last 30 years. Since 1993 when the first concession was signed, over 100 contracts with a total of more than US$27 billion have been awarded. It has also attracted 16 international companies to the Chilean market over the same time period. We have provided an overview of the tender pipeline for 2023.
2023 could be a pivotal year for the mining sector in Ecuador with projects advancing and companies committing to construction start dates. Check out our update for the latest news on the how the country is developing its mining sector.
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