Colombia always had the potential to become a major mining jurisdiction but the mining sector is now completely frozen. There is a high level of uncertainty due to the governments push to reform the mining code, create a state mining company, and new a environmental decree.
One of the key factors for foreign mining suppliers to succeed in Brazil is establishing a local presence. In a market as complex and large as Brazil, simply selling products from abroad is often not enough. Having a physical presence in the country is essential for building trust, providing timely support, and ensuring long-term success in the mining sector.
While the immediate focus for many companies entering the Brazilian market is simply securing or being awarded the work, intellectual property is business-critical and should be treated as such. Protecting intellectual property through well-crafted contracts is essential for businesses looking to safeguard their innovations and maintain competitive advantages.
Do the economics justify the transition to electrification in mining? The business case for electrification in mining is compelling due to its numerous benefits. However, the high initial capital investment and uncertainties about operational performance have been significant financial hurdles for many companies. Check out our summary of the EMC Report which outlines the business case for electric mines based on their research over the last 4 years.
Foreign companies and service providers are often bringing their most important intellectual property to Brazil with the hope of succesfully entering a new market. For this reason, it is important for management teams to understand both local regulations and international IP standards to ensure that a company is fully protected. Check out the first part of our Brazilian intellectual property guide.
Navigating Brazil’s complex tax system and understanding how to import goods can be challenging and time-consuming. Particularly for foreigners who are not accustomed to it. With the right support and local knowledge, it is manageable and possible for foreign companies to import mining technology, equipment, and services. Check out our guide to importing in Brazil.
Working with local partners can be a cost-effective way of entering a new market but it also carries risk for foreign companies. It is important to take your time to find the right partner and then support them properly to maximize their efforts. Check out our advice.
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