Efficiency Goes Beyond CAPEX: TAKRAF Group

Q: What factors should mining companies consider when opting for tech-dense heavy equipment? 

A: The lifespan of a mine is crucial when considering any further investment. It is important to emphasize to the client that an investment is not only about CAPEX but also operational costs (OPEX) over the lifespan of the mine. We as TAKRAF Group collaborate closely with our clients to conduct studies that explain the benefits of certain investments and developments.

Each case is unique, depending on the mine's development, commodity prices, operational costs, and the availability of labor in the region. We need to understand how long the client plans to operate the mine, whether it is an existing mine they want to continue operating or a new one. In the case of a new mine, we can support them from the conceptual engineering phase, offering a range of options from basic setups to fully automated systems. The level of investment depends on the client's preferences and all options are valid. 

Q: How does TAKRAF Group assess the pace of mineral extraction in relation to the demands of the energy transition?

A: Global efforts are not yet sufficient. Regulations and new exploration plans are not aligned with the amount of material required . The situation is complicated by the lack of large projects worldwide. While some regions are seeing greater development, this is not happening everywhere. Our approach is to design more efficient equipment with higher recovery rates. For instance, we have had great success with our DELKOR BQR flotation cells, which provide increased metal recovery. 

At a global level, the situation is quite different. We see developments in Chile, the world leader in copper mine production, and in Africa, where we are currently very active. Sourcing is increasingly global and interconnected within the global economy. However, numerous challenges remain, including restrictions and limited permit approvals.

Q: How do companies like TAKRAF Group benefit from nearshoring initiatives and what is the outlook for the mining sector? 

A: Nearshoring is an initiative that we fully support. We have many projects in North America, and Mexico offering strong production capacity. Our goal is to leverage Mexico’s high-quality manufacturing to deliver quality products on time to markets in the United States and Canada. Our goal is to deliver good value and quality products that meet the needs of our clients. We are always on the lookout for trends that can benefit our clients’ projects.

With the arrival of President Claudia Sheinbaum and the potential changes in the United States with the inauguration of Donald Trump, it is prudent to wait a few months to see how things unfold, especially with regards the implementation of tariffs.  This volatility and lack of clarity is certainly slowing projects and investments in the mining sector and other industries.

Q: What are the key advantages of opting for dry stacks rather than tailings dams in terms of environmental impact and operational efficiency?

A: While not new, dry stacking technologies are becoming more attractive to clients as they significantly increase safety and also offer many environmental benefits from decreased freshwater requirements to a large reduction in footprint.  Dry stacking mitigates the risk of tailings dams failures and since water recovery is increased, they are particularly suited to mining operations operating in areas where water conservation is critical.  Whether driven by safety, environmental concerns or the need for additional storage, this solution is becoming increasingly necessary. In addition, this method also reduces safety and environmental hazards for surrounding communities, which is a significant improvement in all respects. At TAKRAF Group, we are one of a very limited number of global suppliers able to assist with own equipment throughout the entire dry stack value chain, from the initial study to providing all sedimentation, filtration and handling equipment required for this process.

Q: What are the main objections to not implementing this process and how does the company manage them? 

A: One of the main objections is the high cost of the process, which requires a significant investment with no direct return on investment. In contrast to investing in equipment to process more concentrate or extract more minerals, this alternative focuses on managing the disposal of material that no longer has any real value. 

In Mexico, and globally, there are many political, social, and security issues to consider, making any investment more complex. The challenge lies in how to continue to invest while remaining profitable. We advocate a solution that is optimal from an environmental, social and governmental perspective, as obtaining the necessary permits can be easier if the right methods are employed. 

Q: What does the publication of TAKRAF Group’s first sustainability report for 2023 signify for the company and what are the key insights highlighted in the report?

A: At TAKRAF Group, we believe in acting proactively and taking accountability – not only towards the environment but also towards our stakeholders. While the legal requirement to prepare a Corporate Sustainability Reporting Directive (CSRD) does not apply yet, we see it as essential to begin this process now. This decision is driven by our long-term vision of embedding sustainable business practices deeply into the fabric of our company culture. Sustainability is not merely a regulatory obligation; it’s a core element of our corporate strategy. We recognize that the markets in which we operate increasingly value sustainable solutions and transparent reporting, which is why we view the early adoption of CSRD reporting as an opportunity. This step allows us to demonstrate to our employees, clients and all stakeholders that we are committed to responsible, forward-thinking actions.

Some highlights of our 2023 Sustainability Report are: Early adoption of European Sustainability Reporting Standards (ESRS), focused climate strategies to reduce emissions and improve energy efficiency and innovative solutions driving efficiency and sustainability.

Q: What will be the main impact of new projects launching in 2025 on companies like TAKRAF Group?
A: TAKRAF Mexico works closely with EPC companies, building trust through our high-quality equipment and advanced technology for material handling and processing systems. Clients and operators often turn to us for our ability to introduce new developments that complement their plans. Our proven technologies addresses their needs rather than providing one-off offers. As a result, we are always considered for large-scale projects. 

Throughout 2024, we have been in discussions with various mining companies, some of which are planning to start new projects or expand existing ones in 2025. However, many of these initiatives are on hold, as companies await permitting. Once the permits are granted, we are ready with proposals for several major projects, including one in Chihuahua that has the potential to become a very significant mining project globally. In the meantime, we continue to work on key projects, support commissioning activities and collaborate with our global partners on other initiatives.

We expect to see not only announcements of new mines but also expansions at existing operations. As previously mentioned, copper extraction in Mexico remains critical, and there are significant reserves. Unfortunately, permitting issues have delayed progress.

Q: What is TAKRAF Group’s perspective on the importance of collaboration across sectors for the energy transition?

A: In 2025, we will celebrate our 300th anniversary. Our focus remains on delivering safe, efficient and high-quality equipment. We pride ourselves on delivering solutions that stand the test of time and create lasting value for all stakeholders.

The global energy transition requires collaboration across sectors. The minerals that we mine are essential to this effort, and industry must support sustainable extraction to make projects viable. Technology advancement is heavily dependent on raw materials, and without them, progress is limited. By working together, despite some companies coming from different sectors, we can aim to achieve efficient, environmentally responsible and economically viable production.