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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.
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Since 2015, Chile has dramatically increased its solar and wind capacity year over year. It has done so without any major government subsidies. The mining industry is one of Chile’s top carbon emitters but it has also been the countries best adopter of renewables.
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Peru is already a great market for mining suppliers but the pipeline of future projects makes it even more interesting. Peru has grown its copper production considerably over the last 10 years. Check out our summary of the project pipeline and opportunities for suppliers.
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There has been a lot of media attention about the impact that lithium produced from Chile has on the local ecosystem. To increase production, companies will need to navigate the environmental impacts of water usage and technology will be the key to doing so. Chile is the testing ground for new technologies and there are many eyes watching to see if it can accomplished.
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Latin America has the right conditions to become a major hydrogen production hub. To build a sustainable industry, each country will need to have well thought out public policies, the ability to attract huge amounts of foreign investment, international partnerships, and the ability to export the final product to international markets. Find out who is winning the hydrogen race in Latin America.
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Colombia has its sights on becoming a major copper producer. The country’s goal for 2030 is to double the production of gold from mining titles, multiply copper production by six, and generate investments of more than USD$5.5 billion.
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