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.
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.
Los Andes Copper recently released their prefeasibility study for its Vizcachitas project. It is a notable project to follow since it is one of the few greenfield projects to advance in Chile these last few years.
Although large miners may get more attention, medium size miners have an important role within the mining industry that should not be overlooked. The Chilean Copper Commission (Cochilco) recently released a report that estimates investment in medium size operations for the period 2022-2031 will total approx. US$2.6 billion.
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.
Chile has taken huge strides over the last 10 years as it has worked towards the goal of decarbonizing its electric sector. The growth of renewables has also uncovered weak points that needs to be addressed if the sector will continue to grow. Battery storage and transmission capacity are at the top of the list to help solve these issues.
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.
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