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Codelco and Swedish Mining Innovation sign Memorandum of Understanding

The initiative aims to bring together efforts to foster cooperation in sustainability, innovation and profitable mining and to facilitate opportunities for joint project development. This collaboration will have the participation of companies and public-private institutions that are part of the Swedish mining cluster, which will exchange with representatives of Codelco at different levels.

Olivia McCall

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As part of the development of the 4th version of the Swedish Mining Initiative, both institutions signed a Memorandum of Understanding that aims to bring together efforts to foster cooperation in sustainability, innovation, and profitable mining and to facilitate opportunities for joint project development.

This agreement made Codelco, a state-owned copper mining company from Chile, the first non-Swedish strategic partner of the mining cluster in Sweden, marking a milestone in the internationalization process of this Swedish institution.

If you want to find more details about the agreement between the Chilean copper mine company Codelco and the Swedish Mining Innovation and to read the latest and most important energy and mining news in the world, download for free the Mining News app. 

Sweden closes the first agreement with a foreign mining company

Julio Diaz, Codelco’s corporate innovation manager, stated “we are very enthusiastic about the signing of this cooperation agreement. We are developing this cooperation relationship through different meetings, participation and exchange of delegations between these two countries. Together, we have collaborated in identity, gender equity, safety, productivity and also in improving efficiency in the mining sector. In 2019 we had the opportunity to visit different mining companies and suppliers in Sweden, where we acquired greater knowledge of this environment, which was extremely enriching for Codelco.”

The director of Swedish Mining Innovation, which is the strategic innovation program for mining in Sweden, Jenny Greberg, said “For us it is a milestone to sign with the first non-Swedish company. When our SwedishMiningInnovation program started to focus on developing more international collaboration a few years ago, Chile was set as the first priority. The main reasons for this are our excellent relations between the countries, the support of Business Sweden and the Swedish Embassy in Chile, but above all because Chile is a large mining country and Codelco is a leading mining company with a strong focus on development and a high ambition with sustainability and efficiency.”

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This collaboration will bring together companies and public-private institutions that are part of the Swedish mining cluster

The focus of the Memorandum of Understanding collaboration will be Environmental and social sustainability in mining; Improving efficiency and profitability in mining; Increasing productivity and managing change; Automation and electrification; Improving safety for an attractive workplace; Capacity building and knowledge sharing; Corporate social responsibility and promoting gender equality in mining.

This collaboration will have the participation of companies, academia and public-private institutions that are part of the Swedish mining cluster, which will exchange with representatives of Codelco at different levels, from corporate to operational, according to mutually agreed interests.

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(Featured image by Neta623 via Pixabay)

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Olivia McCall is passionate about education, women and children’s rights, and the environment. A long-time investor, she covers news about the latest stocks (lately marijuana and tech), IPOs and indices, and is always on the lookout for socially responsible startups. She also writes about the food sector, and has a keen interest on cryptocurrencies.