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.
We had the opportunity to speak with Federico Gálvez-Durand, an engineer with who has spent his career working in large companies, such as Oracle, IBM, Antofagasta Minerals and Teck.
Chile’s public works ministry will move forward this year with studies for seven water reservoirs worth close to US$1.9bn, which are part of a US$6bn plan to build 26 projects for water reservoirs and other water storage infrastructure.
5G will bring new opportunities for mining companies. Mining technology companies will benefit as they will be able to provide new technologies that will further automate operations creating safer and more efficient mines.
Gold projects in Latin America continue to advance. There are 6 mega projects in the pipeline with a capex of at least USD$1B and have a potential output totaling around 3.3Moz/y
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