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.
Codelco has broken ground at the $1.4 billion expansion of the Salvador copper mine, which will extend the productive life of the aging operation by 47 years and increase output by almost 50%
Foreign companies operating in international markets need to be aware of how to manage the risk of corruption within their subsidiaries. This is particularly true in Latin America where operations can be far from the head office meaning local staff are often working with limited oversight.
Over the last 6 weeks, we interviewed maintenance professionals from both the Chilean and Peruvian mining industry. The idea was to provide foreign companies with an inside view into the local maintenance function from the perspective of those actually working in it. Check out our summary.
The Dominga iron and copper mining project involves the construction of two open-pit mines, a mineral processing plant, a water desalination plant, as well as a seaport shipping terminal in the town of Totoralillo Norte, Chile.
Ax Legal spoke with Luis Gutiérrez, currently a Maintenance Superintendent at Thiess Chile. Luis has more than eighteen years of experience in maintenance and management roles both in Chile and internationally.
Cesar Aponte has had a long career in the maintenance field where has worked in international mining operations in places such as Canada and Peru. He is currently the Maintenance Manager for Pan American Silver in Peru where he is responsible for the heavy equipment.
Santiago
Sydney
Lima