CHILEAN MINING LAW FOR THE PROSPECTOR, MINER AND INVESTOR
This study of Chilean mining law was mainly written for foreign prospectors and investors. It is intended to ease comprehension of the legal and regulatory framework for mining activities in Chile.
It is no mystery that most mining investments in Latin America come from foreign capitals; this is due to a large numbers of factors, but probably one of the main reasons is that the local investor has gradually been deterred from participating in the mining industry because of the high risks involved and the lack of experience of the local market regarding the allocation of mining projects actively available to the public.
Furthermore, as there are a great number of foreign investors, geologists, engineers, accountants, working in Chile, or working on mining projects located in Chile, it seemed interesting to provide a brief synthesis of Chilean mining law, easy to understand and essentially practical with commonly used templates to illustrate each topic under discussion.
Understanding the basic parameters of Chilean mining law eases communication among local and foreign partners, removing obstacles that usually stem from lack of knowledge pf the basic legal rules pertaining to a particular issue.
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