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.
As 2023 closes, it is a good time to reflect on what is happening in the Chilean mining market. This year has had a little bit of everything in terms of news – new lithium policies, changes to the royality, project announcments, etc. Check out our our overview and expectations for the next year.
The potential of the Peruvian mining industry is attracting many foreign companies to the market who are looking to provide equipment, technology, and services. It also means that companies need to adapt to new labor laws which are quite generous to workers in comparison to North America or Australia. One of the specific areas that companies need to consider when doing business in Peru is is how employee profit sharing works.
Chile has faced a decade-long drought that has impacted local communities and whole industries alike. The mining industry has increasingly relied on desalination to supply water for its operations. The project pipeline is growing with billions of dollars to be spent by miners who continue to expand and build new desalination plants. Now for the first time, concessions will be tendered that will provide desalinated water to municipalities and the agriculture sector.
Chile released its national green hydrogen strategy in 2020 which set out a road map for the country to become a major exporter. The country has the largest project pipeline in the Americas but there is still plenty of challenges that remain on the road ahead. Check out our overview of where things currently stand with the Chilean hydrogen industry.
Chile has been very successful over the years with its public-private concessions system but many tenders were delayed with a change in government in 2022. The Chilean government just released its 2024 schedule which consists of 13 concessions involving investments of US$3.4bn that includes highways, airports, and light rail.
Mining suppliers may use a local subcontractor for a variety of reasons when working on Chilean projects. The issue is that foreign companies can find themselves in trouble if they do not understand how the subcontracting laws work from both a legal and practical perspective.
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