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.
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.
Teck’s copper project pipeline keeps advancing. The USD$1.2B Zafranal copper project in Peru recently received environmental approvals paving the way for final engineering and construction approval. Check out our project spotlight for an overview.
Working with local partners can be a cost-effective way of entering a new market but it also carries risk for foreign companies. Companies end up wasting time and energy on partners where the sales either do not come or are they are extremely underwhelming. Check out our tips to help you get the most out of your distribution relationship.
Mining technology companies looking at Latin America need to decide on the best way to service the region. One of the first decisions that companies need to make once they confirm a market has potential is whether they will work through partners or sell direct to the mines.
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.
Sierra Gorda started production in 2014 as a low-cost, low-grade copper operation. Unfortunately, it is the perfect example of how large-scale projects can be risky and not always operate as planned. After years of challenges, Sierra Gorda is on track, producing a record amount of copper, profitable, and has some exciting developments.
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