PUBLICATION
Global Business Reports
Colombia Extractive Industries 2014
March 07, 2014
With the long-infamous security challenges now slowly but certainly fading into an unpleasant past, Colombia’s geological wealth is set to take a central role in the country’s economic resurgence. Its oil and gas industry has seen huge improvements over the past few years. Its mining industry, while lagging somewhat behind, has also seen a reduction of bureaucratic delays and a number of discoveries to prove its mineral potential. Challenges remain abundant, not helped by the current dearth of mining finance, yet the future is undeniably bright.
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After five months in Lima and more than 130 interviews, the conversations with C-executives along the Peruvian mining value chain touched on various topics. These included production targets, drilling results, the benefits of new technologies like the so-called “digital twins” to replicate reality in a virtual environment, and even the use of cartridge valves. However, a recurring theme in almost every interview, and perhaps the most significant one in relevance, is Peru's loss of its position as the second-largest copper producer to the Democratic Republic of Congo.
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After five months in Lima and more than 130 interviews, the conversations with C-executives along the Peruvian mining value chain touched on various topics. These included production targets, drilling results, the benefits of new technologies like the so-called “digital twins” to replicate reality in a virtual environment, and even the use of cartridge valves. However, a recurring theme in almost every interview, and perhaps the most significant one in relevance, is Peru's loss of its position as the second-largest copper producer to the Democratic Republic of Congo.
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MACIG
"Our West African mines deliver the highest margins, with Séguéla being our lowest-cost operation."
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