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.
Brazil is an important mining market. The country is one of the five largest mineral producers in the world. Although the country is known for its iron ore operations, it also has production in copper which until now has not received a lot of fanfare. That is set to change with some exciting developments.
McKinsey recently released a report that concluded Chile could be the first country (of the 45 analyzed) to be carbon neutral by 2040 with a positive economic impact. The only country that can do so in Latin America. We have provide a summary of the findings and a high level overview of where Chile currently stands.
Brazil has unique importation requirements that are used to protect local industry and encourage domestic manufacturing. From licenses to taxes, importations can be difficult to navigate for foreign companies.
Brazil is a great market with many interesting opportunities for foreign companies. It is relatively easy to incorporate a company, but local knowledge and know-how is required for foreign companies to navigate the business and legal aspects properly. Check out our practical guide.
Last week, President Gabriel Boric’s government announced the long-awaited National Lithium Policy. Since the announcement, there has been a considerable amount of media attention, with headlines that Chile is nationalizing the industry.
Although mining companies are increasingly open to innovation these days, there are still challenges for technology and service providers to navigate these companies. Mining companies are using open innovation calls to give more visibility to the problems they are trying to solve. We have provided a list of open innovation resources for South America.
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