What REDCO Mining Consultants does

REDCO Mining Consultants is a privately-held boutique mining engineering and consulting firm founded in 2005 and headquartered in Santiago, Chile, with regional hubs in Lima (Peru), Nova Lima (Brazil), Eden Prairie (United States) and a recently announced Vancouver (Canada) office. The firm serves major and mid-tier mining companies, private capital firms, banks and specialized mining law firms with project-based mandates spanning open-pit and underground operations, including mine planning, strategic studies, engineering design (NI 43-101, JORC, SK-1300), geotechnical analysis, systems simulation, technical due diligence and open-pit to underground transition planning. Approximately 60% of billing originates outside Chile, and the firm has executed more than 500 projects in over 15 countries across the Americas, Europe, Africa and Asia, accumulating over 750,000 consulting hours.

REDCO's competitive position rests on four proprietary software tools (SIMPLAN for stochastic mine plan simulation, SIMPREP for underground development scheduling, REDFOOT for optimal pit-to-underground floor estimation, and REDFRAG for hang-up and oversize risk analysis, the latter validated with CODELCO support), combined with deep caving-method specialization and a multidisciplinary team of over 100 professionals where more than 40% hold 20+ years of industry experience. The firm operates a wholly-owned subsidiary, REDTEC, providing remote geotechnical monitoring and TARP early-warning services, and in July 2025 acquired Chilean underground mining specialist CAVING to consolidate caving capabilities. Revenue is generated through professional services engagements on multi-year life-of-mine mandates, with a stated profitable and diversified model and self-reported two-digit annual growth.

Name

REDCO Mining Consultants

Legal name

REDCO Mining Consultants

Website

https://redcoglobal.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

11–50 employees

Short description

REDCO Mining Consultants is a privately-held Chilean boutique mining engineering firm providing mine planning, simulation, geotechnical and caving-method consulting, plus bankable technical reports, to major and mid-tier mining companies and financial clients globally.

Ownership category

akta.pro rank

Product category

Mining Engineering Consulting

NAICS

Support Activities for Metal Mining (213114), Support Activities for Mining (2131)

SIC

Services-Commercial Physical & Biological Research (8731), Metal Mining (1000)

akta.pro primary industry

Mine Operations Contracting (Open-Pit & Underground Development, Production, Load/Haul) (IMAKAKAD)

akta.pro secondary industry

Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling) (IMAKAKAA)

Keywords

• Mining engineering consulting
• Mine planning services
• Underground caving methods
• Geotechnical monitoring
• Mining systems simulation

Headquarters

HQ city

Vitacura

HQ country

Chile

HQ region

Latin America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Mining Engineering Consulting Services: REDCO generates revenue through project-based consulting engagements covering mine planning, strategic studies, engineering design, geotechnical analysis, simulation, and technical advisory. Services range from concept studies through to feasibility and bankable technical reports (NI 43-101, JORC, SK-1300). Engagements span short-term operational turnarounds to multi-year life-of-mine advisory mandates.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels6 records

Core offering

REDCO is a boutique mining engineering consultancy that delivers mine planning, strategic planning, engineering studies, mining systems simulation, rock mechanics, and caving method advisory services to major mining companies and financial institutions. Engagements span conceptual studies through bankable technical reports (NI 43-101, JORC, SK-1300), supported by proprietary simulation software (SIMPLAN, SIMPREP, REDFOOT, REDFRAG) and remote geotechnical monitoring through the REDTEC center.

Product overview

REDCO Mining Consultants is a boutique mining consulting and engineering firm offering proprietary software tools (SIMPLAN, SIMPREP, REDFOOT, REDFRAG) combined with specialized consulting services. Their software portfolio includes mine planning simulation tools, underground development optimizers, and geotechnical analysis applications. Service offerings encompass mining consulting, strategic planning, engineering studies, systems simulation, rock mechanics, and caving services, all supported by their REDTEC geotechnical monitoring center.

Differentiator

Problem solved

Functional benefit

Brands

• REDTEC: Geotechnical monitoring center providing remote monitoring services for mining operations
• CAVING

Products and services

• SIMPLAN Discrete and stochastic simulator of mining plans that evaluates strategic plans, generates alternative plans, and assesses future value based on operational unit capacities and production goals. It estimates compliance probability and identifies bottlenecks for use by mine planners at operating mining companies.
• SIMPREP Simulator of underground mine development and preparation tasks that generates shift-by-shift operating plans prioritizing compliance with production goals. Enables alternative plan generation within 5 to 30 minutes for operational contingencies.
• REDFOOT Optimal floor estimation tool for underground operations that evaluates the open-pit to underground transition based on technical-economic parameters, stratifying both open-pit and underground mines. Allows modification of up to 20 parameters including granulometric curves, drawbell design, rock fragmentation parameters and column tonnage.
• REDFRAG Simulator for estimating hang-ups and oversize at extraction points, developed by REDCO and validated with Codelco support. Allows multiple replications for distribution analysis of hang-ups and oversize, enabling risk analysis.
• REDTEC Geotechnical Monitoring Center Geotechnical monitoring center providing remote geotechnical monitoring services, early warning systems (TARP), and real-time monitoring for mining operations to anticipate risks and ensure operational continuity.
• Mining Consulting Services Boutique mining consulting services including operational turn-around, technical reports (NI 43-101, SK-1300, JORC), due diligence for investors, and technology applications for open-pit and underground mining. Targets major mining companies, financial institutions and law firms.
• Strategic Planning Services Strategic planning for mining district development including multivariable analysis, optimal production capacity evaluation, extraction method selection, and transition analysis from open-pit to underground mining.
• Mining Engineering Studies Engineering projects spanning conceptual, PFS and FS stages with bank-valid reports (NI 43-101 / JORC), mine design and planning, equipment selection, CAPEX/OPEX estimation, and financial evaluations.
• Mining Systems Simulation System simulation services from mine to port, bottleneck identification, improvement initiative evaluation, and production plan reliability analysis using discrete event simulation models.
• Rock Mechanics Services Rock mechanics services including geomechanical basis definition for mine design, dilution and recovery estimation, support selection and sizing, seismic risk analysis, and 3D numerical modeling with MAP3D and RS3.
• Caving Services Advanced underground mining method consulting for Block, Panel, Inclined and Sublevel Caving, including caveability assessment, fragmentation analysis, and transition planning from open pit to underground mining.

Quantifiable outcome

• 20% increase in economic project value and 37% reduction in cost per tonne through strategic planning and dynamic heap leaching technologies
• +5 more outcomes

Named customers25 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered core and supporting.

• CAVINGcoreStrategic or Co-development Partner · 1 July 2025REDCO acquired Chilean company CAVING to integrate advanced capabilities for underground mining projects using Block, Panel, Inclined, and Sublevel Caving methods. The acquisition consolidates a team with extensive experience in engineering applied to high-complexity ore deposits, strengthening REDCO's positioning in a domain where few regional consultancies have comparable experience.
• VeraciocoreTechnology or Integration · 1 January 2025REDCO and Veracio signed a strategic agreement at FEXMIN to integrate artificial intelligence and machine learning into mining exploration processes. REDCO will incorporate Veracio's TruScan™ solutions in its Mineral Resources Area and REDTEC division, combining advanced geological data capture with intelligent, consistent data processing.
• Cámara Chileno Canadiense de ComerciosupportingGTM or Marketing PartnerREDCO formally joined as a member company, advancing its international expansion strategy. The chamber has over three decades of history and 135 member companies, with Canada being among the top investors in Chile with over USD 40 billion in accumulated investment.
• Cámara de Comercio Canadá-PerúsupportingGTM or Marketing PartnerREDCO formalized its membership in the Canada-Peru Chamber of Commerce, which promotes commercial and investment relationships between both countries with a strong focus on the mining sector. Canada is the leading foreign investor in mining in Peru.
• Cámara Chileno Británica de Comercio (BritCham Chile)supportingGTM or Marketing PartnerREDCO formalized its incorporation to BritCham Chile through a signing ceremony, advancing its international expansion strategy and building relationships with key actors in the bilateral business ecosystem.
• ProChilesupportingGTM or Marketing PartnerProChile supported REDCO's participation in Resourcing Tomorrow 2025 in London, facilitating contact with actors in the UK mining-financial ecosystem. ProChile also organized the Chile Night event at PERUMIN.
• Nexa ResourcessupportingImplementation/ SI/ Consulting PartnerREDTEC Peru, part of REDCO, delivered a specialized course on Geotechnical Instrumentation and Early Warning Systems (TARP) to the technical team at Nexa Resources' Cerro Lindo mining unit, combining theoretical sessions with visits to the company's Geotechnical Monitoring Center.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Mining Plus: Boutique mining consultancy delivering geological, engineering, and mine planning services with strong Asia-Pacific presence; closely comparable boutique model and service portfolio to REDCO.
• AMC Consultants: Australian boutique mining consultancy specializing in feasibility studies, mine planning, and technical advisory; directly comparable service mix and customer segment (mid-tier to major mining companies), with strong regional presence in markets REDCO is expanding into.
• SRK Consulting: Global mining consulting firm (founded in South Africa) providing mine planning, geotechnical, geological, and feasibility study services to the same enterprise mining customer base; the most direct global analogue to REDCO across service lines and client profile.
• CSA Global: Mining consulting firm offering geological, geotechnical and mining engineering services globally (now part of ERM Group); competes for the same independent technical advisory and bankable feasibility engagements.
• SLR Consulting: Global consulting firm with a substantial mining practice covering mine planning, due diligence, and resource estimation; comparable in scope of technical advisory services and customer tier.

Others

• Maptek: Mining technology provider of geological modeling, mine planning and 3D visualization software; not a direct consulting peer but addresses overlapping mining-engineering workflows and is a potential ecosystem partner or competitor to REDCO's proprietary simulation stack.

Broad incumbents

• Stantec: Large global engineering consultancy with a significant mining practice covering mine planning, environmental, and geotechnical services; competes for the same enterprise clients but as part of a much broader portfolio.
• Tetra Tech: Global engineering and consulting firm with a mining practice delivering feasibility, resource evaluation and mine planning; comparable end-customer base but materially broader service mix.
• WSP (Golder): Global engineering firm whose mining practice (anchored by the Golder acquisition) provides mine planning, geotechnical and environmental consulting; overlaps heavily with REDCO at the enterprise client level but operates as a broad incumbent.

Emerging players

• Minemax: Mining software and consulting firm focused on strategic mine planning, scheduling and optimization tools; comparable niche focus on caving and underground planning methodology, though more software-anchored.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/redcoglobal
• Facebookfacebook.com/redcoglobal

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about REDCO Mining Consultants