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.
The growth in the mining sector has attracted foreign mining suppliers who are looking to tap into a healthy project pipeline that is set to come online over the next 10 years. One of the considerations that foreign companies need to understand when doing business in Peru is is how employee profit sharing works.
We have created a comprehensive summary of Anglo recent technology update for our clients and readers. If you read between the lines, you start to get a clear picture where the industry is going.
Farmers require a technology that allows them to improve the water quality while at the same time making better use of the water resource available. There are technologies available today that allow for continuous and much more efficient production than what was available before.
METS companies are investing large amounts of capital into new technologies so protecting these investments is critical. Intellectual property often takes a back seat to the commercial terms even though it should be an essential part of the contract review process.
Anglo American has provided an update on its Quellaveco mine in Peru. Construction has proceeded this past year and the project is an important part of the Peruvian mining pipeline.
Peru already has a project portfolio of 46 projects requiring investment of US$56.2bn. Peru is expecting investments of around US$5.2bn in mining construction this year and a little over US$6 billion for 2022.
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