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.
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.
Peru’s gap in infrastructure is totaling USD$110 billion up to 2025. The country is now undergoing a huge push to improve infrastructure. We have provided a list of the top 5 projects that are currently under construction.
Peru is already a great market for mining suppliers but the pipeline of future projects makes it even more interesting. Peru has grown its copper production considerably over the last 10 years. Check out our summary of the project pipeline and opportunities for suppliers.
Glencore’s, Enrique Caballero, recently presented at Exponor discussing the company’s technology strategy. We provide an overview and some of our own comments. This can be particularly useful for service and technology providers who are trying to understand where their solutions can potentially add value.
Paulo Aguilera, Chilean Mining Engineer, provides us insight into the Drilling and Blasting areas, what technologies are being implemented, and suggestions of how foreign providers can ensure they are successful when introducing new technologies.
Working in foreign jurisdictions brings some unique challenges and risks. It is important for companies when they start looking at a new market or win a contract to have a clear understanding of how to deal with the obligations and liabilities that arise when working in a country where they do not have a legal entity.
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