How was 2023-2024 for Thiess and what are recent projects at the firm?

2023 was a year of looking to the future. We maintained and matured our crucial partnership with Antofagasta Minerals in the Centinela district. Additionally, we expanded our presence with Glencore in Baar and had rental units at BHP. Despite the national uncertainty, we managed to sustain and grow our presence. There are now significant projects moving forward, and we are actively involved in conversations with potential clients about both brownfield and greenfield projects progressing through the approval phase. Chile presents tremendous opportunities for our services. There is a renewed positive energy in Chile, and we are all optimistic about the future as these projects gain momentum. What are current challenges in the Chilean mining industry and how does Thiess help overcome them?

In Chile's mining sector, deepening open-pit mines pose challenges with lower copper grades and higher costs. Yet, this scenario invites collaboration. We prioritize sharing insights with clients to maintain cost-effectiveness as mines go deeper. By collaborating, we explore solutions like OEM agreements and technology sharing to manage costs.

We conduct trials of new technology in our operations, gathering data to offer proven solutions to clients. While historically, trials occurred in Australia, we are increasing local trials involving clients directly. This hands-on approach allows them to witness benefits firsthand.

Technology, especially autonomy, is crucial for safety and efficiency. Leveraging our experience from Australia, we are introducing autonomy-ready fleets in Chile, starting trials this year to demonstrate value to clients. What is Theiss’ approach to ESG?

We focus on workforce development to meet the mining industry's demands during the global energy transition. Our priority is to attract and retain talent by launching the Thiess Institute, which will offer apprenticeships in maintenance and operations. Our goal is to increase female participation by 20% annually, acknowledging the value of diversity in improving maintenance and operations quality. The strategic rollout of the Thiess Institute will benefit our company and help address similar challenges faced by our clients.

Our sustainability efforts include achieving net zero emissions by 2050. We are exploring solutions such as hydrogen and natural gas technologies. Initiatives like electric buses and transitioning to electric or hybrid vehicles by 2030 support our commitment. We prioritize community involvement and aim to support local businesses while creating jobs. As Chile progresses in addressing environmental impacts, we are working with clients to improve mine closure practices, ensuring sustainable outcomes and creating new opportunities. What is Thiess’ process of innovation?

Our Innovation Technology Center in La Negra, Antofagasta, serves as a maintenance facility and a technology hub. We are strongly interested in expanding it into the Thiess Institute for hands-on training. Regarding innovation adoption, clients like Antofagasta Minerals are open to new technologies and willing to serve as test beds. Collaboration and trust are vital; once one mine succeeds with technology, others often follow suit. It's about building trust and working together toward common sustainability goals. Can you elaborate on the safety measures and strategies Thiess implements?

Despite global challenges, we continuously evaluate our systems and processes to ensure they are robust and focused on minimizing risks. Our goal is for every worker to return home safely each day. We maintain a strong safety culture through visual and physical management, constantly reinforcing the importance of safety with our teams. We prioritize global learning by sharing incidents and best practices across our operations worldwide. Safety is a non-negotiable aspect of our business, and we are committed to doing everything possible to prevent accidents and protect our people. What are the firm’s goals and what are the plans for celebrating the 90th anniversary?

In the Americas, especially in Chile, we are strategically focused on minerals and metals due to their crucial role in global electrification. Our intentional growth here aims to showcase our capabilities and build strong customer relationships.

Regarding our 90th anniversary, celebrations are taking place globally. In Chile, we will celebrate during Dia De Minero in August, a significant week to honor the value of mining and the contributions of our people. It is a moment of pride for our employees to be part of a company that has been shaping the global economy for nine decades.