Mining property procedures should be simple, fast and modern

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Chile’s economic development fundamentally depends on the mining industry and although concessions represent income for both the country and their holder, not all applications are based on the intention of exploring or exploiting their mineral wealth.

Exploration and exploitation concessions in Chile are granted by order of the civil court for a period of two years, and exploitation concessions are renewable for the same period, provided the new application only covers half the property.

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The surface area of Chile is 75,610,240ha, and exploration concessions cover 15,285,300ha while exploitation concessions cover 15,435,492ha, totaling 30,720,792ha, however, only 23% is mined. The absence of mining programs has given concessions a speculative nature and has undermined investment opportunities.

Experts on this issue presented their points of view during the fourth Chile Explore Congress. In order to curb this situation, the attorney Miguel Tobar proposed that the mining concession process become administrative instead of judicial, that this process is taxed, and that those concessions that failed to pay the annual license fee should be cancelled.

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