December 3, 2019
Investment

Minister Prokurica highlights support of large mining companies for the country’s entrepreneurs

Minister Prokurica highlights support of large mining companies for the country’s entrepreneurs
Codelco, Collahuasi, BHP, Antofagasta Minerals, Minera Candelaria and Anglo American are launching plans for the economic reactivation of SMEs that have been affected during the social mobilizations of the past month.

The Minister of Mining, Baldo Prokurica, highlighted the initiatives being implemented by large mining companies to support the country’s small and mid-sized businesses, which have been affected by the social mobilizations that have occurred since October 18.

“The mining industry never fails Chile. We can see this in Collahuasi, which has just launched a fund of 2,000 million pesos to help SMEs affected by the situation. Among other measures, this program envisages the payment within 14 days of invoices from suppliers in the region and SMEs around the country,” said Minister Prokurica.

“This is an example to follow that has also been seen in other mining companies in the country, which are making a special effort to help SMEs and the suppliers who are their partners on a daily basis,” he added.

In the Atacama Region, Minera Candelaria is making an advance payment, totaling 1,300 million pesos, to its local suppliers and SMEs, benefiting 150 companies.

Similarly, Antofagasta Minerals is working on an employability portal through the Antofagasta cluster and with all the Region’s municipal districts. In December, it will also launch a new policy on local suppliers.

BHP, in turn, is launching a plan to support SMEs in Antofagasta of which details will be announced this week.

Codelco will also hold a meeting with local suppliers from Calama to discuss and seek alternatives for resolving the conflicts generated by the mobilizations.

Anglo American’s Emerge program seeks to support entrepreneurs in developing and materializing ideas and growing their business by helping them with knowledge, tools and advice that enables them to improve management of their businesses and increase sales.

Minister Prokurica highlighted the work that the mining industry is undertaking throughout the country as well as the commitment of the government and President Sebastián Piñera to ongoing support for SMEs and thousands of Chilean families.

Source: Mining Ministry