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.
When companies initially incorporate an entity in Chile, corporate governance is not always a priority in the beginning stages of opening the business. The reality is that how we grant powers will play an important role in how efficiently the company will operate and whether the foreign shareholder is protected.
Chile is well known globally as a copper producer, but it also has substantial gold production. Chilean Copper Commission (Cochilco) predicts that gold production in the country will increase by 28.6% by 2024 due to new projects coming online.
Since 2015, Chile has dramatically increased its solar and wind capacity year over year. It has done so without any major government subsidies. The mining industry is one of Chile’s top carbon emitters but it has also been the countries best adopter of renewables.
There has been a lot of media attention about the impact that lithium produced from Chile has on the local ecosystem. To increase production, companies will need to navigate the environmental impacts of water usage and technology will be the key to doing so. Chile is the testing ground for new technologies and there are many eyes watching to see if it can accomplished.
Latin America has the right conditions to become a major hydrogen production hub. To build a sustainable industry, each country will need to have well thought out public policies, the ability to attract huge amounts of foreign investment, international partnerships, and the ability to export the final product to international markets. Find out who is winning the hydrogen race in Latin America.
Subcontracting is used throughout the mining and industrial sectors. Chile has unique laws which have practical implications on how local companies need to manage their subcontracters. We have provided a practical guide for companies to understand how best to manage these risks.
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