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[[Chile's Copper Mining Challenges and Solutions]]
[[Diego Hernandez, CEO-Codelco] ]
[We need to keep our competitiveness--]
[and that goes through some expansions]
[and make better use of our resources. ]
[We are working very hard on that. ]
[Our oldest mine has been in production]
[It's not new mines, we need to keep both mines very competitive. ]
[[Peter Carter-Global Leader-GE Mining Solutions]]
[The next capital investments are a long way from developing the infrastructure. ]
[Huge incremental investments, ]
[and those next oil bodies that they've discovered and they're trying to develop]
[and deeper and lower grade. ]
[[Fernando Garcia, Senior VP, Latin America-SNC Lavalin]]
[There is a consensus on the amount of work that is coming, all the challenges that,]
[even though we didn't prepare a presentation together, ]
[I think there are a lot of similarities on that. ]
[And we have to work together]
[in order to overcome the situation. ]
[[Hugo Silva, Latin America Region Leader-GE Mining Solutions] ]
[The main challenge these mines have is to develop themselves]
[in the north of Chile, south of Peru, is the cost of energy. ]
[They're paying $180 per megawatt hour. ]
[So this produces a significant burden for the development.]
[Tied with this, water is another challenge.]
[[Karen Poniachik, Former Minister of Mining, Republic of Chile]]
[We have had several droughts. Our sources of water have been depleted. ]
[Regulations that mining companies face]
[are exactly the same regulations that all companies in Chile face,]
[in terms of water rights and water quality. ]
[The problem is availability of water. ]
[but there is no water available, and sometimes they compete with other sectors, ]
[like agriculture or even the community.]
[So pumping water from the ocean ]
[has a cost of $3-$4 a cubic meter,]
[which is an enormous amount of energy ]
[and water and cost burden that these mines have. ]
[Combine that with an average elevation]
[well above 2000 meters and many close to 4000 meters.]
[To move the water from where it's available]
[to where it needs to be is a serious challenge. ]
[[Jose Luis Fernandez, GM, Foster Wheeler-Chile]]
[We have discovered several prospects in which we can work together. ]
[We are working now in the operating consideration. ]
[We are working now on several projects about water supply for the mining industry. ]
[includes all the technologies for ]
[the desalination of water in various stages]
[to various qualities depending on the needs of the customer. ]
[And the oil and gas portfolio offers some unique pumping solutions]
[that have been developed specifically for ]
[You combine those two technologies]
[and you can move that water of the right quality to the right elevation.]
[We see General Electric as a very good friend.]
[It's a really first-class supplier--]
[But I think what also will be very important]
[in the future of the projects is to develop]
[more partnership with EPC-type of companies. ]
[We need to look very carefully about power and water. ]
[That's key for the competitiveness ]
[of our industry in the medium and long term. ]
[We are working hard on that,]
[and I think we have a very good partnership ]
