ESSENTIAL CHECKLIST FOR ACQUIRING MINING CONCESSIONS IN CHILE

Acquiring mining concessions may seem like a straightforward process, but the "paperwork" doesn't always reflect the legal reality. For an investor, a mistake in the preliminary review can mean losing their investment.

If you are evaluating one or more mining properties, these are the minimum initial matters you should audit:

1. Constitution Status: If the mining concession under study is in the process of being established, its current status must be reviewed, since each stage has strict deadlines and if no action is taken within the period specified by law, the priority on this land disappears.

   
   

2. Overlap analysis: It is possible that there may be some overlap, so a study of mining titles must confirm that your position is "preferred" over third parties to avoid future litigation.

   
   

3. Validity and Payment of Mining Patents: A registered mining concession title is not sufficient; it is essential to verify with the General Treasury of the Republic that the mining patents are up to date. A concession with unpaid mining patents is at risk of being auctioned, as mandated by law.

   
   

4. Review of entries and registrations in the corresponding Mining Registrar's Registry: To verify that there is no impediment or prohibition that limits the free exercise of the power to alienate the mining concession(s).

EXPERT ADVICE: Never close a deal without a technical-legal due diligence that verifies the Sernageomin mapping.

The security of your project begins with the title deeds. At MCO PARTNERS, we conduct thorough mining due diligence so your only concern is the potential of the deposit.

Contact us for a title review.