Hector Sosa Flores Set to Tackle Mining Difficulties in Latin America
Before currency, the entire world employed various methods of commodity trading. Hector Sosa Flores and the Axios Group, LLC out of San Diego, California, have seen progress in Latin American economies seeking to participate in the international precious metal commodity trading economy. As a result, the mining industry in Latin America is growing, despite difficulties in the region.
Precious metals hold the key to a myriad of financial and technological growth worldwide. Whether backing currency or forming the building blocks for scientific breakthrough, mining precious metals continually finds itself at the center of global economic demand. Latin America is uniquely poised to claim its place as a key player in commodity trading.
Yet, significant challenges remain. Each challenge is complex and deep, but according to Hector Sosa Flores, tackling these difficulties lies in empowering minority groups, the “artisanal producers,” in some of the remotest areas of Latin America.
Geographical Challenges
Because Latin America includes most of the land from North Mexico to the southern-most tip of South America, there is a great deal of land surface area to cover when it comes to logistics. As such, Latin America is home to extreme climates and punishing natural barriers.
For example, significant amounts of precious metals are mined out of a relatively skinny sliver of land stretching along the west side of the Andes Mountains (i.e. Chile). Brazil, a major mining destination for iron, confronts massive stretches of marsh and tropical forest.
Hector Sosa Flores notes that dealing with mining difficulties in Latin America means working for and with the local population to address these geographical challenges.
Political Challenges
First-world demand for illegal drugs creates a host of self-destructive trends in international politics for Latin American countries. Few of these nations enjoy a history not fraught with scandal and violence. As these political groups attempt to reform and build their local economies, they must confront the ongoing political challenges that plague the population.
Often, developing nations within Latin America must solicit help from first-world countries with an invested interest in addressing illegal drug production and building sustainable mining economies. Unfortunately, trust between Latin American countries and first-world nations (such as the United States) can be low. As such, Hector Sosa Flores seeks to empower local leadership and the mining workforce to rise to the challenge of building their own economies.
Cultural Challenges
Despite most Latin American countries speaking the same language, major conflict between groups often slows down economic development. As noted above, Latin America’s social and political history has seen centuries of pillaging, civil and gang war.
Hector Sosa Flores explains that generations-long grudges can exist simultaneously among foreign governments and among mining employees. Progressives along the spectrum of economic development may encounter conflicting interests that endanger one or more minority groups in the region. Company executives, on-site managers, and logistics firms must be sensitive to cultural friction in Latin American countries. Leaders prone to distraction by short-term profits and demanding shareholders must focus on a message of gradual integration of diverse cultures learning to trust each other often for the first time in that nation’s history.
Find out more on Hector Sosa Flores here.
