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.
Chile has taken huge strides over the last 10 years as it has worked towards the goal of decarbonizing its electric sector. The growth of renewables has also uncovered weak points that needs to be addressed if the sector will continue to grow. Battery storage and transmission capacity are at the top of the list to help solve these issues.
Industrial technology companies rely on international markets since they often need to follow their clients to where the projects exist in the world. Working in foreign jurisdictions brings some unique challenges and risks. Permanent Establishment is one of them.
Each year, the Chilean Copper Commision (Cochilco), publishes a report that analysis junior mining investment. We have provided an overview of their 2022 report which gives us insight into the health of the Chilean junior mining market.
Albemarle and SQM are the only lithium players with producing assets in Chile. The good news is that this could change with a recent announcement from CleanTech Lithium, who has recently announced positive results from its Laguna Verde Scoping Study
The Chilean government has set a goal to launch tenders for 13 concession contracts that have a collective value of US$3.9bn for 2023. Concessions will include mobility projects such as cable cars and light rails, alongside highways and airports. Check out our highlights.
El Domo is expected to be the next Ecuadorian mine to be built starting in 2024. It will be Ecuador’s third major mining operation after the Mirador copper mine and Fruta del Norte gold mine.
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