Peter Bradford, MD and CEO, Independence Group (IGO)

Independence Group outlines its current projects in Western Australia and its plans going forwards. Having only been discovered in July 2012, Nova started production in October 2016. How was IGO able to accomplish this, and what are the project’s production expectations? Globally speaking, there are few projects that go from discovery to production in this kind of timeframe. We are still progressing the development underground and expect to have it fully ramped up to capacity by September 2017. Several factors have made this achievable. Number one, WA is a fantastic mining jurisdiction. S...

Liam Twigger, Managing Director, PCF Capital Group

PCF Capital Group describes the investment trends currently affecting the Australian mining industry. How did the Australian mining sector navigate the consequences of the 2008 financial crisis and what strategy did PCF Capital use to mitigate its impact?  Initially the Australian resources sector was protected when the market crashed in 2008 because we had a large wave of Chinese money that protected us from the global financial crisis (GFC). However in 2011, we began to feel the impact and for the next four to five years the market was terrible. PCF Capital struggled like everyone else, b...

Chile’s Major Mines: Survival and Growth

The low copper price has not impacted production levels significantly and major projects receive continual investments. Kevin Norchi PHOTO: Courtesy of Chile Ministry of Mines For many copper producers in Chile, production continued at a fairly consistent rate over the past several years despite a relative lack of return for their product. BHP Billiton’s Escondida mine, the top-producing copper mine in the world, still produced over 1 million tonnes (mt) of copper in 2016, representing a modest 6.8% decrease in production from 2012. Anglo American and Glencore’s Collahuasi mine, Chile’s...

Mineral Production in Peru

Chile’s mining expertise and the industry’s call for creating efficiencies have coalesced into a perfect storm of innovation. Alfonso Tejerina PHOTO: Courtesy of Focus Ventures Copper It was another great year for Peru’s copper production. With the completion of Cerro Verde’s expansion, operated by Freeport McMoRan, and the start of commercial production at Las Bambas by MMG, total copper output reached 2.35 million metric tons (mt) during 2016, a 38% increase year-on-year and a 70% increase over 2014 figures. Thus Peru reinforces its position as the world’s second lar...

    Felipe Malbran, VP of Exploration, TriMetals Mining

    GBR Connect Series Under its new name, TriMetals is bringing forth projects in North and South America with a focus on copper in Chile. What was the motivation behind transitioning from South American Silver to TriMetals Mining? South American Silver began in 2007 with two flagship projects; the Malku Khota silver project in Bolivia, and the Escalones porphyry copper project in Chile. Malku Khota was on its way to becoming a world-class mine but was nationalized by the Bolivian government. In December 2013, the company merged with High Desert Gold and took over its Gold Springs project on th...

    Marcelo Anabalon, General Manager, Normet

    GBR Connect Series Normet offers an integrated spray concrete service that enables it to dominate the market in Latin America. How has Normet’s business in Chile evolved since the acquisition of Semmco? Semmco started in Chile in 1993 as a spray concrete contractor equipment manufacturer, and after many years of success in Chile, we expanded to Peru and Mexico. In 2008, Semmco controlled 90% of the concrete sprayers market share between Mexico and Chile. At that time, Normet approached us for an acquisition. Since the acquisition, we now have offices in Mexico, Colombia, Brazil and Peru, a...

    Peru Mining 2017 E&MJ Release

    Country: Peru • Industry: Mining • Publication: E&MJ • Release Date: August 2017 • Authors: Alfonso Tejerina, Imara Salas, Laura Brangwin Executive Summary: After four consecutive years of shrinking exploration budgets, 2017 appears to be the turning point for the industry with drilling programs increasing again worldwide –and Peru is no exception. While some juniors learnt to navigate the low cycle through innovative business models, mostly aiming at generating cash-flow, those companies that managed to keep good assets are benefiting from much better market conditions to ...

    Tim Beale, President & CEO, Revelo Resources

    GBR Connect Series Revelo Resources has built up an impressive collection of projects in Chile and is looking for partners with whom to develop them. What motivated the transition from Iron Creek Capital to Revelo Resources? In 2014, we decided it was a good time to capitalize on the new projects becoming available that were previously held by distressed companies and establish a significant land position in Chile. Staking meaningful claims in Chile can be quite difficult because most of the prospective areas have already been staked by large mining companies who tend not to relinquish those...

    Diego Hernández, President, SONAMI

    GBR Connect Series SONAMI is Chile’s chamber of mines and is looking to attract medium sized exploration and production to Chile. Could you please give an introduction to SONAMI? Founded in 1883, SONAMI is Chile’s chamber of mines and our membership includes small, medium and large mining companies. The small mining companies belong to different regional associations and produce about 1% of Chilean copper. The large mining companies, with the exception of Antofagasta Minerals, are international and produce the full range of commodities that Chile has to offer. We belong to the Confederat...

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