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Mining suppliers may use a local subcontractor for their installations at a mine site or to provide specialty services that are part of a larger contract but outside the suppliers’ core capabilities. The issue is that foreign companies can find themselves in trouble if they do not understand the risks that are particular to Chile and how to manage them when using subcontractors.
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Peru already has a project portfolio of 46 projects requiring investment of US$56.2bn. Peru is expecting investments of around US$5.2bn in mining construction this year and a little over US$6 billion for 2022.
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It is important for international companies to understand how contracts and specific clauses are dealt with in each country they are operating in. We provide a practical guide to clauses in Peruvian contracts.
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Víctor Barrientos, a Mechanical Civil Engineer from the University of Chile, who has worked as a Maintenance Manager with CAP Mining, Anglo American, and SQM, tells us about his experience in the Chilean mining industry.
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Brian Pajares, a leader in mining technological innovation, and the current Innovation Project Coordinator at Buenaventura, provides insight into existing opportunities in the Peruvian mining industry and new trends in technology.
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Companies entering Latin America often bring valuable intellectual property (IP) with them and they need to understand how to protect it. This intellectual property is often the reason they are successful in their home country and it also the reason they look are able to grow into new markets.
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