Basic geology law will be retroactive

Thirty years since Chile’s Mining Code obliged companies to hand over geological data gathered through mineral exploration to the state, new regulations are on the way to bring this requirement into force.

Through the modification of Decree Law 20,819 approved earlier this year, national mining and geology service Sernageomin will be able to require companies to hand over the relevant information and sanction those which fail to comply. The service is currently working on the regulations which will establish the definitions, terms, conditions and procedures by which the system will operate.

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