MINING CONCESSIONS IN CHILE

@abogadamartaceciliaortigosa
Aug 3
1 min read

The “mining concession” is the central core of mining activity in Chile. It has been regulated in the Political Constitution of the State of 2005, in the Mining Code and in Law 18.097 of 1982, “Organic Constitutional Law on Mining Concessions”.

THERE ARE TWO TYPES OF MINING CONCESSIONS:

1. MINING EXPLORATION CONCESSION: Allows the exploration and prospecting of minerals, but not the exploitation except for the commercialization of minerals extracted for the purpose of exploration.

2. MINING EXPLOITATION CONCESSION: Allows the exploration, prospecting, and exploitation of minerals.

Both concessions are legally established through the Civil Courts of Justice in Chile.

GEOTHERMAL ENERGY CONCESSIONS

Geothermal energy concessions are regulated by Law 19.657 of 2000 and subsequent updates.

These concessions are not granted through the courts, but rather through an administrative procedure via the Ministry of Energy in Chile.

This topic is also relevant because it allows us to compare the granting of a concession through the courts, as is the case with mining concessions, with one granted administratively in Chile, as is the case with geothermal energy concessions.

Comments:

Since the "Mining Concession" is the core of the mining business, investors are informed of the regulations in Chile, which differ from those of neighboring countries.

This instruction aims to facilitate the investor's understanding of the future work and provide greater security for the investment.