At GEM Mining Consulting, we are proud of the outstanding participation of our Operations Manager, Isaac Paredes, in the recent presentation by the mining expert at the Minexcellence event. In this session, Isaac Paredes addressed a topic of growing importance in the mining industry: the cost overruns in copper projects and how “risk management applied to complex systems” can be the key to tackling this challenge.
During his intervention, Paredes emphasized that if the mining industry continues to operate with the same management approaches, it will face a growing trend in cost overruns, which would jeopardize Chile’s competitiveness in the international mining market. In this context, Isaac Paredes, a leading figure in mining operations management at GEM, highlighted the importance of efficiently managing investment to mitigate these risks.
The presentation also emphasized how delays and deviations in project construction no longer accumulate linearly, but have instead adopted a cyclical effect, significantly increasing cost overruns. In light of this, the key will be to implement comprehensive risk management to anticipate and mitigate these impacts.
Isaac Paredes continues to contribute his valuable experience and knowledge, further positioning GEM Mining Consulting as a leader in innovation and excellence in the mining industry.
