The price drop in the mining sector has been a major blow to the industry. This is mainly due to the instability of the iron industry in Brazil, copper and other minerals in Chile, increased energy prices in Colombia and Peru’s currency depreciation and community pressures.
The challenges to the mining sector also derive from maintaining operations, resource use and cost optimization. It is a sector that handles variables such as water use, energy consumption and cost, specialized health and safety with external partners, relationships with communities, air pollution, environmental impact and others.