Sneak Preview: Mergers & Acquisitions in Mining Tech with Ivan Gustavino
In this sneak preview, Ax Legal’s Managing Partner Cody McFarlane speaks with Ivan Gustavino, Managing Director at Atrico, who has advised over 100 high-growth companies in mining, industrial tech, and software. With M&A activity heating up, Ivan breaks down what investors and buyers really look for in mining technology companies today.
Peru continues to position itself as one of the most important mining jurisdictions globally, particularly in copper. A clear example of this is the progress of the Trapiche project, a large-scale copper development that has recently cleared a key regulatory milestone and forms part of the country’s next wave of copper supply.
Peru offers significant opportunities for companies operating in the mining sector and related industries. However, the country also has a labour framework that includes several statutory employee benefits, including mandatory profit sharing—an obligation that is not commonly found in jurisdictions such as Australia, Canada, or the United States.
Although Brazil has not traditionally been viewed as a major copper producer, that narrative may be starting to shift. Ero Copper Corp. has released the inaugural Preliminary Economic Assessment for the Furnas project, outlining a 24-year open pit operation with the scale, economics, and longevity to position it as a potential cornerstone copper asset in Brazil.
Mining in Chile often centers on the largest players, but medium-sized operations are just as critical — and operate under tighter margins and capital constraints. In this segment, improvements in water efficiency, recovery, or asset availability are not incremental upgrades; they are strategic drivers of competitiveness. A November 2025 study provides a practical roadmap showing where the right technologies can make a measurable impact.
Brazil’s mining sector is entering a new investment cycle that is both larger and more diversified than in previous periods. According to IBRAM’s latest outlook, total projected investments for the 2026–2030 period are expected to reach US$76.9 billion, representing a 12.5% increase compared to the previous investment cycle (2025–2029).
It is very common for foreign companies in the industrial sectors to send specialists into Chile for short, focused periods to help with commissioning, supervision, installation, or troubleshooting. It is important for foreign companies to understand how to send technical and project staff to Chile, the differences between work permits and work visas and the common pitfalls to avoid.
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