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  • 14 Sep 2021 2:51 PM | Sarah Carroll (Administrator)

    Ecuador Mining and Energy - Panel Debate

    Industry leaders from Ecuador's mining and energy sector, discuss its world-class investment opportunities...

    Featuring:

    • Daniel Pino, Managing Partner, Pino & Elizalde Abogados
    • Keith Marshall, CEO, SolGold
    • Carlos Sarmiento, CEO, Schlumberger Managing Director for Ecuador, Peru and Colombia

    Watch the video here >>

  • 13 Sep 2021 3:50 PM | Sarah Carroll (Administrator)


    A recent study by researchers from the University of Western Australia (UWA) and the University of Queensland (UQ) found that Australian junior mining firms play a crucial role in the identification and development of critical resources in Latin America. 

    Nunez-Picado, A; Martinus K; Sigler, T. (2021) Globalisation strategies and roles among Australian junior mining firms in Latin America. Geographical Research. https://onlinelibrary.wiley.com/doi/10.1111/1745-5871.12505 

  • 6 Sep 2021 1:09 PM | Sarah Carroll (Administrator)


    PRESS RELEASE

    03/09/2021

    AUSTRALIA-LATIN AMERICA BUSINESS COUNCIL

    Zimi Meka, CEO and Managing Director of Ausenco to Chair the Australia – Peru Business Council (APBC)

    Zimi Meka, CEO and Managing Director of Ausenco to Chair the Australian Chapter of the Australia-Peru Business Council from Sept 2021.

    Zimi Meka is one of the founding directors of Ausenco Pty Ltd and was appointed as Chief Executive Officer and Managing Director in 1999.

    Zimi’s background includes senior roles in engineering and operations companies prior to the formation of Ausenco in 1991. He has over 38 years’ experience in the development and operation of a wide range of processing plants and infrastructure in the minerals industry in Australia and internationally.

    He is the Queensland University of Technology’s 2008 Alumnus of the Year, was awarded the Australian Institute of Mining and Metallurgy’s 2009 Institute Medal and is one of Australia’s top 100 most influential engineers as awarded by Engineers Australia. In 2013 Engineers Australia also named him Queensland Professional Engineer of the Year.

    He is a Fellow of Engineers Australia, a Fellow of the Australian Institute of Mining and Metallurgy, and a Member of the Australian Institute of Company Directors. In 2019 Zimi was inducted into the Engineers Australia Hall of Fame.

    The Australia-Peru Business Council (APBC) was established in August 2021, by the Australia-Latin America Business Council (ALABC) and the Peruvian Exporters Association (ADEX). The APBC is a high-level panel of senior business leaders with a remit to foster closer economic, trade and investment ties between Australia and Peru.

    In his remarks, Mr. Zimi Meka highlighted that the establishment of the APBC marks a new milestone in the consolidation of the business relations between Australia and Peru and that the main objective is to provide a regular forum for the private sector of both countries, to discuss more systematic bilateral business promotional initiatives that lead to increase trade in goods and services and investment between the Peru and Australia. He added that “the current trade and investment figures demonstrate that the existing potential remains largely untapped. An essential role for the Australia-Peru Business Council it is to encourage investor and business confidence and strengthen relations to establish the bases for stable growth that is beneficial for both countries”

    Meka mentioned “Latin America has been growing in economic importance for Australia in recent years. Peru signed a free trade agreement with Australia in 2019 and Australian companies hold significant investments in that nation. This basis for exchange has only been bolstered through both countries’ membership in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership – an accord that also includes Chile and Mexico.  Australia and Peru also shared common goals in APEC. Peru is also a member of the Pacific Alliance, a growing market for Australian goods and services.

    The President of ALABC, Richard Andrews mentioned that this is the fourth binational business advisory group created by ALABC, following Chile, Central America and Mexico. The bilateral business councils are unique instances of private sector cooperation, coordination and consultation whose objective is to increase business between two countries. They are made up of senior business leaders and executives of companies that have significant investments or trade flows with the countries that act as counterparts. 

    Australian companies with presence in Peru are: Ausenco, MMG, ORICA, IFM Investors and Mining Plus, to name a few.

  • 6 Sep 2021 8:58 AM | Sarah Carroll (Administrator)

    August 2021 ALABC E-Newsletter

    Dear Members and Friends,

    Welcome to our August 2021 Newsletter.

    At ALABC we are committed to regularly engaging with our members and stakeholders. We strongly believe their views make us a better and we welcome their feedback.

    Within the range of strategy and governance topics that we discuss in our conferences/webinars, we give great importance to environment, social and governance matters (ESG) in Latin America.

    Recent research shows that attracting new investments in key sustainability sectors could help to strengthen the pace of Latin America’s economic recovery from the coronavirus pandemic. ALABC plays an important role in contributing to the discussion in addressing global challenges such as climate change, the need for infrastructure development, and social, and economic equality.

    In this issue, we are pleased to include two video recordings of experts discussing the state of ESG in Latin America, and ways in which the region can take better advantage of the trend and how this represents an opportunity for Australian businesses and investors.

    On the 26th August 2021, ALABC celebrated our Perth Annual Dinner at the Pan Pacific Hotel, featuring an impressive line-up of panel speakers for a discussion on the challenges and collaboration opportunities that Lithium and Electromobility offers between Australia and Latin America. We would like to offer our greatest appreciation to the Hon. Bill Johnston MLA, Minister for Mines and Petroleum, Energy and Corrective Services for providing the keynote address for the event. We would also like to congratulate Edgar Basto, President Minerals Australia BHP, for accepting the award recognising Edgar's achievements as an outstanding Latin American business leader. 

    If you were unable to travel to Perth due to border closures, and you missed the live stream of the panel discussion and key note address, you can catch up by watching the live stream recording in the link below. 

    Please also feel free to share the event photos from the night via social media to your colleagues and friends. 

    Live stream recording >>
     
    Event photos >>
     

    Finally, it is my pleasure to announce that we have finished the pre-selection process of the companies that submitted applications to the first round of the ALABC soft-landing program. We received a total of 29 applications and pre-selected 6 representing the METS, FinTech and AgTech industries. Now we are in the final stages of the selection process and the official announcement will be made on the 16th of September.

    The ALABC Annual Report for 2021 is also available to read and download.

    Newsletter August 2021: IN THIS ISSUE 

    • Industry News - A combination of news articles specifically curated for news relevant to the Latin American region. 
    • Upcoming Events - Registration links so that you can secure your place at important business events. 
    • Featured Members - Find out which companies are being featured this month. 
    • New Members - Get in contact with our new member companies to create new business opportunities. 
    • Previous Events - Gain access to previous event photos and webinar recordings to share with your friends and colleagues on social media. 
    • Event Sponsorship Opportunities - Provide more exposure to your business by sponsoring an ALABC event through event partnerships and marketing strategies. 

    Please do not hesitate to contact me should you have collaboration opportunities. I look forward to hearing from you. 

    Yours sincerely,

    Marcelo Salas

    Chief Executive Officer 

    Australia-Latin America Business Council

    ceo@alabc.com.au

    Read the full newsletter here >>

  • 19 Aug 2021 10:28 AM | Sarah Carroll (Administrator)


    PRESS RELEASE

    On Thursday August 19 (AWST), the Australia-Latin America Business Council (ALABC) and the Peruvian Exporters Association (ADEX) signed a Memorandum of Understanding (MOU) for the establishment of the Joint Australia-Peru Business Council (APBC). The APBC is a high-level panel of senior business leaders with a remit to foster closer economic, trade and investment ties between Australia and Peru.

    The signing ceremony was co-hosted by the Chairman of the Board of Directors of ALABC Mr. Richard Andrews, and by the Executive Director of ADEX Mr. Erik Fischer, and included the participation of the Ambassador of Australia in Peru HE Diana Nelson and the Ambassador of Peru in Australia HE Miguel Palomino de la Gala. The virtual signing ceremony was also witnessed by a number of senior industry representatives with significant businesses in both countries.

    In his welcoming remarks, Mr. Erik Fischer highlighted the signing of the MOU as a new milestone in the consolidation of business relations between Australia and Peru; with the main objective of providing a regular forum for senior representatives from the private sector of both countries, to discuss more systematic bilateral business initiatives. This will promote and diversify the bilateral commercial relationship. “The current trade and investment figures demonstrate that the existing potential remains largely untapped. An essential role for the Australia-Peru Business Council is to encourage investor and business confidence and to look for new and emerging opportunities to build the commercial relationship further”, said Mr. Vasquez.

    Mr. Andrews, Chairman of ALABC‘s Board of Directors, added that “this is the fourth binational business advisor group created by ALABC, following Chile, Central America and Mexico. This MOU represents a unique opportunity for Australian companies to access key players and decision makers in the Peruvian private sector”.

    Latin America has been growing in economic importance for Australia in recent years. Peru signed a free trade agreement with Australia in 2019 and Australian companies hold significant investments in that nation. This basis for exchange has only been bolstered through both countries’ membership in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership – an accord that also includes Chile and Mexico. 

    Peru is also a member of the Pacific Alliance, a growing market for Australian goods and services.

    While mining continues to be the underlying basis for Australia’s important investment and trading relationship with Peru, new opportunities are emerging in sectors such as education, mining technologies and services, agriculture, clean energy, and infrastructure.  “The APBC will provide valuable advice and ideas to further diversify our commercial relationship, including to build technology partnerships in areas such as mining and agriculture.”, Ambassador to Peru, Diana Nelson concluded.

    The bilateral business councils are unique instances of private sector cooperation, coordination and consultation whose objective is to increase business between two countries. They are made up of senior businessmen and executives of companies that have significant investments or trade flows with the countries that act as counterparts. 

  • 16 Aug 2021 4:05 PM | Sarah Carroll (Administrator)


    PRESS RELEASE

    On Thursday 12th of August in Mexico City and Friday 13th of August in Sydney, Australia, a Memorandum of Understanding (MOU) was signed ‘virtually’ between the Australia-Latin America Business Council (ALABC) and the Australia-Mexico and New Zealand Business Council (ANZMEX) for the establishment of the Joint Australia-Mexico Business Leaders Forum (AMEXBF), to foster closer friendships and promote economic, trade and investment between Australia and Mexico.

    The signing ceremony was co-hosted by the Chairman of the Board of Directors of ALABC Mr. Richard Andrews and by the President of ANZMEX Mr. Timothy Callahan and included the participation of the Ambassador of Australia in Mexico HE Remo Moretta and the Ambassador of Mexico in Australia, Mr. Eduardo Pena-Haller. The virtual signing ceremony was also witnessed by a number senior industry representatives with significant businesses in both countries.

    In his welcoming remarks the President of ANZMEX Timothy Callaghan highlighted that the signing of the MOU marks a new milestone in the consolidation of the business relations between Australia and Mexico and that the main objective is to provide a regular forum for the private sector of both countries, to discuss more systematic bilateral business promotional initiatives that lead to increase trade in goods and services and investment between the Mexico and Australia. He added that “the current trade and investment figures demonstrate that the existing potential remains largely untapped. An essential role for the Australia-Mexico Business Leaders Forum is to encourage investor and business confidence and strengthen relations to establish the bases for stable growth that is beneficial for both countries”

    The President of ALABC, Richard Andrews mentioned that this is the third binational business advisory group created by ALABC, following Chile and Central America. The bilateral business councils are unique instances of private sector cooperation, coordination and consultation whose objective is to increase business between two countries. They are made up of senior businessmen and executives of companies that have significant investments or trade flows with the countries that act as counterparts. 

    They are an effective tool for business diplomacy and complement the efforts made by DFAT, ALABC along with key industry player such as COALAR, Austrade, Global Victoria, Trade and Investment Queensland and their Chilean counterparts.

    Andrews also mentioned “Latin America has been growing in economic importance for Australia in recent years. Mexico is a bigger economy than Indonesia and by 2030 will be in the top 10 economies of the world. This basis for exchange has only been bolstered through both countries’ membership in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership – an accord that also includes Chile and Peru.  Australia and Mexico also shared common goals in APEC and the G20.  Mexico is also a member of the Pacific Alliance, a growing market for Australian goods and services.

    Mining, Clean energy and Infrastructure are a major focus for the  government and industries are wanting to attract and partner with Australian technology exporters on new projects.

    “The importance of the MOU signed between the two industry bodies, through which a strategic alliance is established represents a unique opportunity for Australian companies to access key players and decision makers in the Mexican private sector. On the other hand, there has never been a better time given the reasonable success that Australia has had in managing the health crisis caused by Covid-19, the relative stability, medical and economic, offered by Australia, to explore opportunities here”.

    Australian companies with presence in Mexico are BHP, Azure Minerals, Orica, Macquarie Bank, to new a few.

    ANZMEX is a trilateral business platform to provide a forum and support services to explore and promote collaboration between Australia, New Zealand and Mexico. The framework it offers promotes relevant contacts and information exchange, develops sector interest groups for individuals and organisations, and provides practical support services for all members. Our main differentiator from other English-speaking, European and Latin-American chambers is we provide – due to our size and structure – a personalised service to all our members. We also enable our affiliates -via events and activities – to have a first-rate interaction with the Ambassadors and other diplomats and officials from both Australia and New Zealand.

    ALABC was established in 1989 as a Non-for-Profit association and our membership is comprised of companies and organisations ranging from large multinational corporations to education and research institutions, SMEs, sole traders and professionals, who are at the forefront of forging business relations between Australia and Latin America.

  • 2 Aug 2021 2:23 PM | Sarah Carroll (Administrator)

    Global context: Improvements in activity have continued, though inflation has been higher than expected 

    • The first half of the year confirmed some elements of our baseline scenario for 2021. In particularly, while heterogeneous, vaccination progress at the global level has enabled reopening in the developed world. This has supported further improvement in expectations for activity, in line with our 5.9% growth estimate for this year—the highest since 2007.
    • On the other hand, after the first-semester hike, interest rates in the US, particularly longterm, have fallen, benefiting rate-sensitive assets like the US stocks. High risk appetite has helped keep fiscal policy that was more expansive than expected at the beginning of the year from triggering sharp hikes in real longer-term interest rates.
    • Some elements have diverged from our expectations, particularly the global dollar, which we expected to weaken as reopening rotated from the US to the rest of the world. This was on-path until the Fed raised its inflation expectations and appropriate benchmark rate path in June, causing the dollar to appreciate across the board.
    • There is consensus that inflation will be high relative to last year; however, figures have exceeded expectations, increasing inflationary risk and signalling lower-than-expected returns for the second half of the year.

    Read the full report here >>

  • 28 Jul 2021 12:00 PM | Sarah Carroll (Administrator)



    PRESS RELEASE 

    ESTABLISHMENT OF THE JOINT BUSINESS COUNCIL BETWEEN THE AUSTRALIA-LATIN AMERICA BUSINESS COUNCIL AND THE CENTER OF PROMOTION AND INVESTMENT ASIA PACIFIC-LATIN AMERICA (AP-LAC)

    On July 27, a Memorandum of Understanding (MOU) was signed between the Australia-Latin America Business Council (ALABC) and the CENTER OF PROMOTION AND INVESTMENT ASIA PACIFIC-LATIN AMERICA (AP-LAC) for the establishment of the Australia-Central America and Caribbean Council of Business Cooperation (ACACBC) to foster closer friendships and promote economic, trade and investment between Australia and Guatemala, El Salvador, Costa Rica, Panama and Cuba.

    The signing ceremony was co-hosted by the Chairman of the Board of Directors of ALABC Mr. Richard Andrews, and by the President of AP-LAC Mr. Alexander Mora-Delgado and included the participation of the Ambassador of Costa Rica in Australia HE Armando Vargas Araya.

    Special mention to highlight the presence of Mr. Jairo Hernandez, former Ambassador of Costa Rica in Australia and Marcelino Aviles, former Ambassador of Panama in Australia.

    In his welcoming remarks the President of AP-LAC Alexander Mora-Delgado, highlighted that the signing of the MOU marks a new milestone in the promotion of the business relations between Australia and key Central American countries and that the main objective is to provide a regular forum for a systematic bilateral business promotional initiatives that will lead to increased trade in goods and services and investment between Australia and Guatemala, El Salvador, Costa Rica, Panama and Cuba. He added that “the current trade and investment figures demonstrate that the existing potential remains largely untapped. An essential role for the ACACBC it is to encourage investor confidence and strengthen relations to establish the bases for stable growth that is beneficial for both regions”

    The President of ALABC, Richard Andrews mentioned that this is the first business advisory group created by ALABC with a focus in 5 countries in the Central American and Caribbean region. The business councils are unique instances of private sector cooperation, coordination and consultation whose objective is to increase business between two regions. They are made up of senior businessmen and executives of companies that have significant interest in increasing the investments and trade flows with the countries that act as counterparts. 

    They are an effective tool for business diplomacy and complement the efforts made by DFAT and ALABC, along with key industry player such as COALAR , Austrade, Global Victoria, Trade and Investment Queensland and their counterparts in the region.

    Clean energy and green hydrogen, tourism, mining, agriculture, science and technology  are a major focus for government and industries wanting to attract and partner with Australian technology exporters and investors.

    The importance of the MOU signed between our two private sector organisations, through which a strategic alliance is established represents a unique opportunity for Australian companies to access key players and decision makers in the business sector.

    AP-LAC is a non-profit trade association that brings together companies and associations doing business between Latin America and the Asia Pacific.

    ALABC was established in 1989 as a Not-for Profit association and our membership is comprised of companies and organisations ranging from large multinational corporations to education and research institutions, SMEs, sole traders and professionals, who are at the forefront of forging business relations between Australia and Latin America.

  • 21 Jul 2021 4:37 PM | Sarah Carroll (Administrator)

    July 2021 ALABC E-Newsletter

    Dear Members and Friends,

    Welcome to our July 2021 Newsletter.

    I am very pleased to announce the launch of our Soft-Landing program to help qualified, mature technology companies and scale-ups from Latin America, build revenue and secure investment in the Australian market by helping to cover their initial costs, connecting them with the local business ecosystem and fast-track their transition. The support provided by ALABC through the Soft-Landing program will allow Latin American organisations to attract customers in Australia to more quickly become cashflow positive.

    If you are already an ALABC memberyou can also get involved in this program by offering your services and advice, mentoring Latin American entrepreneurs or evaluating business prospects. All you have to do is update your member’s profile here and follow the instructions attached here

    If you would like to promote this initiative to your database, please complete this form to receive the marketing materials and have your logo listed as a supporter. 

    In the context of the current COVID-19 situation and border closures between states throughout Australia impacting several attendees, sponsors and speakers, we have made the difficult but appropriate decision to postpone the ALABC Perth Annual Dinner: Lithium and Electro-mobility Challenges between Australia and Latin America. 

    The ALABC Annual Report for 2021 is also available to read and download.

    Newsletter July 2021: IN THIS ISSUE 

    • Industry News - A combination of news articles specifically curated for news relevant to the Latin American region. 
    • Upcoming Events - Registration links so that you can secure your place at important business events. 
    • Featured Members - Find out which companies are being featured this month. 
    • New Members - Get in contact with our new member companies to create new business opportunities. 
    • Previous Events - Gain access to previous event photos and webinar recordings to share with your friends and colleagues on social media. 
    • Event Sponsorship Opportunities - Provide more exposure to your business by sponsoring an ALABC event through event partnerships and marketing strategies. 

    Please do not hesitate to contact me should you have collaboration opportunities. I look forward to hearing from you. 

    Yours sincerely,

    Marcelo Salas

    Chief Executive Officer 

    Australia-Latin America Business Council

    ceo@alabc.com.au

    Read the full newsletter here. 

  • 19 Jul 2021 8:47 AM | Sarah Carroll (Administrator)


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