The Start-Up’s phenomenon reached the mining industry. According to the study “Boom in Mining Startups” in which Dr. Kash Sirinanda analyzes the emergence of numerous startups with a focus on mining, Chile ranks among the four countries with the largest number of mining startups with operations. The ranking is headed by Australia (22%), followed by the United States (21%), Canada (13%) and Chile with 12% of the total.
The analysis also showed that Santiago is the city with most mining startups, surpassing other powers such as Brisbane, Perth, and Toronto. According to Juan Cariamo, Vantaz’s partner, the positioning of Santiago is explained, among others, by the size of Chile as a mining pole, transforming it into a source of challenges to be solved: “It has been setting up an entrepreneurial environment that has the support and coordination of mining companies, government, supplier associations, centers of excellence and academia.”
Cariamo adds that another ingredient is the Startup Chile position as the fourth largest world accelerator: “Another key factor is the willingness of mining companies to look beyond them in the search of solutions. Outside there are many ‘transportable’ solutions operating, so today the role of many mining specialists is to be adapters and implementers of these solutions. ”
In the framework of the last International Mining and Resources Conference (IMARC), the most important Australian mining industry event was a place for Chilean and Australian startups. According to Cariamo, all the ventures were interesting, but the Chileans stood out for the technical level of the solutions they offered, realizing their deep knowledge of the industry: “Many of these innovations contribute to the digital transformation of the industry, essential for setting the foundations of a 4.0 mining industry “. However, he warns that this digital transformation will bring new requirements for mining companies, such as better technological infrastructure, which will undoubtedly imply new challenges and investments.