What opportunities do these Latin American markets have to offer Swedish companies in the mining industry and how can this USD 345 billion market by 2015 be reached?

Welcome to a breakfast seminar at the Swedish Trade Council during which we will give an overview of the mining sector in each respective country, with special focus on current and future business opportunities, as well as give you the opportunity to discuss what assistance you would like from Swedish Trade Council as well as share experience with other mining companies around Latin America.

Mexico:
The outlook is bright for the Mexican mining sector in 2011 and beyond. One example is that in July 2011 Atlas Copco won one of the largest underground mining equipment contracts ever for them, worth USD 67 million, and the company’s second very large order in Mexico this year. Mexico forecast an average annual growth of 6.4% in value of the mining sector over the coming five years, to reach a value of USD 155 billion by 2015. There are several world-class mining projects being developed in the country, with around 740 active exploration projects currently being undertaken.

Brazil:
Brazil's mining sector is set for substantial growth, with Vale set to launch the world's biggest iron ore project in Serra Sul in 2013. Mining industry forecasts project the value of the mining sector to reach USD 90 billion in 2015, up from USD 90 billion in 2010, marking an average annual growth of 8.5% between 2011 and 2015.

Colombia:
Mining has represented 30 % of all Colombian exports over the past ten years and large number of investments will take place in the sector during 2012. A national strategic mining plan states that “in 2019 the Colombian mining activity will be one of the most important industries in the continent with significant enhanced share of the national economy”.

Chile:
Chile is among the top in mineral potential globally with very clear copper and non-metal advantages; increased production of copper, molybdenum, gold, iron ore and lithium forecasted. Chile’s mining growth rate is set to 8.4% in 2011, 9.2% 2012 and a 7.2% annual growth 2011-2015 reaching a value of USD 61.5 billion in 2015. Stringent environmental regulations, lack of energy and water have resulted in a need for technology to reduce cost of exploration, as well as water and energy efficiency. The trend is more public private partnership (PPP) to explore and exploit as well as open-up for junior exploration companies.

Peru:
The Peruvian mining sector looks set to grow by 8.3% in real terms to reach USD 19 billion in 2011 and is forecasted to grow by an average of 8.5% per annum from 2011 to 2015 in light of major expansions across the sector. Many of the Chilean mining players are also active in Peru, and the industry foresees that the potential in Peru is even larger than the one in Chile.

We are looking forward to meet you on the 13th!

The Swedish Trade Council!