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.
Teck’s copper project pipeline keeps advancing. The USD$1.2B Zafranal copper project in Peru recently received environmental approvals paving the way for final engineering and construction approval. Check out our project spotlight for an overview.
Mining technology companies looking at Latin America need to decide on the best way to service the region. One of the first decisions that companies need to make once they confirm a market has potential is whether they will work through partners or sell direct to the mines.
Copper is getting more difficult to find and process at a time when the world is facing a copper crunch with demand expected to outstrip supply in the near future. New technology developments for the copper industry could help the world meet demand while lowering energy and reducing water usage. Check out our article that covers some of these technologies and how they are being deployed in Latin America.
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.
Anglo Americans’s Innovation and Technology Manager, Rodrigo Subiabre, presented some details on the company’s technology push at the Copper 2022 conference held last week in Santiago. For mining technology and service companies, updates such as these give insight into where the industry is going.
Although mining companies are increasingly open to innovation these days, there are still challenges for technology and service providers to navigate these companies. Mining companies are using open innovation calls to give more visibility to the problems they are trying to solve. We have provided a list of open innovation resources for South America.
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