James Valenzuela set up Resemin in 1989. The company originally sold spare parts for drilling machines in the Peruvian mining sector. In the late 1990s, the company came close to bankruptcy, and James had to sell his home to survive. But that allowed him to innovate.
In 2002, Resemin launched its own drilling machine, which was designed and manufactured in Peru. This started a strong growth phase for the company, which has led it to further enhance its existing product range and launch new products, including a new drilling machine called the Muki in 2014. Resemin has since gained greater market share to become the third-largest producer of drilling machines for underground mines in the world.