Could you summarize the main achievements from last year, and explain Besalco's work in the mining industry?

Besalco operates across multiple sectors within the mining industry through its various companies. Besalco Construcciones handles civil works such as infrastructure for mines, while Besalco Montajes specializes in industrial plant assembly, including stackers, conveyor belts, crushers, and engineering works related to mining production processes. In addition to our construction expertise, we offer a comprehensive machinery service. 

Last year, we completed significant mining projects, such as the desalination plant for the QB2 project. Many of our mining service projects are long-term, spanning several years, and are substantial in scale and value.

How do you view the growing trend of collaboration between companies in the mining sector? 

Our partnerships are typically driven by either the scale of the project or the need for specialized expertise. In the case of Master Drilling, their advanced machinery and expertise in drilling complemented our civil works capabilities. This type of partnership allows us to tackle larger or more technically challenging projects. We are always open to exploring collaborations with strategic partners, particularly in regions like Peru, where we see substantial growth potential.

What are the main differences between the Peruvian market and the Chilean market? 

We’ve built a strong track record in Chile, where we’ve had the opportunity to work with nearly all of the major mining companies. In Peru, we’re in the exciting phase of expanding our presence, having already completed several meaningful projects. Each market brings its own strengths and characteristics—Peru’s mining operations, for example, often utilize more compact equipment.

How is Besalco leveraging new technologies?

In construction, we face limitations in automation due to the unique and non-repetitive nature of the tasks. However, in machinery operations, we have implemented remote-controlled equipment, particularly in hazardous environments. Additionally, we have incorporated an advanced fleet control system that monitors the performance of our machinery in real-time. This system tracks everything from the location of the equipment to the temperature of the hydraulic oil, allowing us to prevent potential failures before they occur. 

The implementation of technologies, particularly in fleet control and remote operations, ensures that we stay ahead of industry standards.

How do you balance safety with the need for efficiency considering the growing global demand for copper and lithium?

We firmly believe that safety measures, if properly managed, do not conflict with productivity. The main issue lies in the permitting process, which is often slow and inefficient. For larger projects, mining companies typically handle permitting, so it does not directly affect us. However, the delays in obtaining permits for smaller-scale projects can hinder our ability to meet project timelines. There is a law under consideration to improve the permitting process, but the real challenge lies in incentivizing individuals involved. 

What should be the focus of the incoming government? 

The government must focus on streamlining the permitting process, which is currently a major barrier to development. Chile has the potential to maintain its global leadership in mining, but only if new projects move forward without unnecessary delays. The effective handling of permitting and ensuring security are key areas that need immediate attention.

If the government can address security and permitting efficiently, it will help unlock the potential of numerous mining projects and solidify Chile’s position as a global leader in the mining industry.

What are Besalco’s future plans and projects?

Besalco is positioning itself to take advantage of significant opportunities with upcoming investments, however, many of these have yet to materialize due to delays. Our strategy is to grow steadily without rushing into growth, which ensures long-term stability. Our financial strength and high safety standards make us an attractive partner for mining companies.

Our expansion into Peru is part of a long-term strategy to replicate our success in Chile. We are confident that our capabilities in construction, assembly, and machinery will be well received in the Peruvian market, where we see significant growth opportunities.

Can you discuss Besalco’s approach to sustainability and environmental responsibility?

In addition to environmental initiatives, we have generated revenue by selling carbon credits from our renewable energy projects, including a hydroelectric plant.