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.
Chile has faced a severe and long drought. Although the mining industry only uses 9% of the countries water, most operations are located in Northern Chile where water is the scarcest. Mining companies are going to extreme lengths to ensure they have water for thier operations.
Can a small country with a population of 19 million located at the most southern tip of the world produce the cheapest green hydrogen on the planet and be among the top three exporters of the fuel two decades from now. Check out part one of our series outlining the steps that Chile is taking in order to compete on a global level.
Chile is rapidly moving to autonomous trucks in its mining operations. We speak with Alexis Méndez, a Chilean Mining Engineer, who has spent his career helping mining operations to evaluate, implement, and operate autonomous technology.
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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