Bureau Veritas Chile acquires Asesoría Minera GeoAssay

Asesoría Minera GeoAssay is a Chilean company dedicated to the analysis of laboratory samples for major mining companies in the country.

This transaction consolidates Bureau Veritas' position as a leader in the metals and minerals market in Chile, the world's largest copper producer. 

Bureau Veritas' metals and minerals operations support its clients throughout the mining cycle, from mine to port, by accurately determining the physical, chemical and geochemical properties of materials through its extensive network of laboratories.

With a global presence in the world's major ports and with mining and refining centers worldwide, Bureau Veritas' presence is expanding in this resource-rich region.

Asesoría Minera GeoAssay specializes in copper, an essential mineral for large-scale energy transition. Its capabilities include mechanical preparation and analysis of mineral samples. The company operates three state-of-the-art laboratories in Chile. These facilities are fully automated and strategically located, providing the group with a significant presence and closer proximity to customers in the region.

With this acquisition, Bureau Veritas will offer enhanced services in the copper segment to its existing customers and attract new customers who require precision, high accuracy, full traceability and fast turnaround times for mineral analysis. 

“This acquisition positions Bureau Veritas at the forefront of mineral analysis activities in this important copper market in Chile. This is fully aligned with our LEAP | 28 strategy,” said Hinda Gharbi, Bureau Veritas' CEO.

“The integration of GeoAssay's state-of-the-art laboratories allows us to immediately meet growing customer demand in Latin America. Our clients will benefit from faster and more accurate results, which will further strengthen our position in this market. I would like to welcome our new colleagues to Bureau Veritas”. 

Chilean law firm Álvarez Abogados advised Bureau Veritas Chile on the transaction, with a team comprising partners Alejandro Álvarez Aravena, Manuel Sánchez del Villar and Joaquín Recart Apfelbeck, with junior associates Camila Gutiérrez Zúñiga, Constanza Urrutia Pizarro and Jorge Alcalde Schonherr.

Bureau Veritas’ Marcele Lopes De Almeida, general counsel and compliance officer for Latin America, also participated, while Asesoría Minera GeoAssay was advised by TLC Global, with a team led by  Felipe Cáceres and Francisco Toledo.