“The World’s Premier Mineral Exploration & Mining Convention”, PDAC, took place in Toronto which is the most important convention for people, companies and organizations related to minerals and mining industry in the world; specifically in Latin American countries.

By El Centro, Toronto, Canada Newspaper. Read the entire article HERE

“The World’s Premier Mineral Exploration & Mining Convention”, PDAC, took place in Toronto which is the most important convention for people, companies and organizations related to minerals and mining industry in the world; specifically in Latin American countries

The event counted with the participation of government from the four continents with interest in the mining industry. Also, with 1,000 exhibitors, 3,500 investors and 25,600 visitors from 135 countries worldwide. Visitors could also attend technical sessions, short courses and networking events.  

Santiago Montt, Chilean Lawyer and owner of Montt Group, which offers Legal services and accountability to Latin America mining companies and count with headquarters in Chile, Argentina, Brazil, Colombia, Peru, Bolivia, Ecuador, México, Paraguay and Canada, assisted and says “In general the mining industry had returned, not to blow your mind but prices are better. Providers for mining campaigns have appear. Rock excavation companies are having contracts. In general, every provider is having contrac, in special Chile and Peru”.

Also says that Peru is doing good with the mining industry, as well as Chile, while Colombia wants to achieve mining and Ecuador is doing a priceworthy work for it. About Mexico, explained that is one of the biggest in mining industry and with many companies, where the main problem is how to growth the small and middle scale companies.

About Venezuela says, that due to the political instability in the country the mining companies are waiting to see what happen. Venezuela has great potential deposits, while Central America is unknown but is being investigated.

When he was asked about critics to the pollution produced by excavations for finding minerals and if exists the called “Green mining”, Montt says it is just a “cost problems”.

“Everything is possible in cost process. Companies will do everything they are asked for because is the only way of subsisting. However, they will need to financiered costs. For that, they need to maintain the same taxes and reduce the investment in stakeholders, as well as reduce cost in the community. It will be impossible”.

The expert says mining companies are on a drama that has to be explain to the government and citizens because they are under big pressure. In one side, are stakeholders who wants return. On the other side, the government is who wants higher taxes because South American countries are on development and we seek more incomes. On the other hand, the communities and the work environment are asking more rights from companies. People is asking to contract local suppliers to work with their natural resources which last 15 to 20, but 1 of 10 project are finished.