Mining equipment hire and rental company Emeco has signaled a potential move into Chile.
Speaking at its AGM, managing director Keith Gordon stated that the company will consider establishing a presence in Chile to take advantage of its growing copper industry, according to The West Australian.
"Preliminary due diligence has been carried out and further work will be conducted over the coming months to ascertain whether acceptable and sustainable returns can be achieved," the company stated.
"We have monitored the Chilean market for some time given its attractive fundamentals as a major producer of global copper supply, high quality mining customers, and forecasts for increasing earthmoving volumes over time," Gordon added.
This announcement comes as Austin Engineering, and Australian company which manufacturers haul truck bodies, recently expanded its operation in Chile.
According to Austrade, South America is now providing increased opportunities for Australian miners and mining services firms.
"There’s a lot of potential for suppliers to take advantage of the growing market, in fact [Australian] mining equipment companies are actually ahead of the miners in moving into the region, with around 70 to 80 suppliers already set up in Chile," Dan Sullivan, the trade commissioner at the Australian embassy in Peru, told Australian Mining.