Tough nut to crack

Twelve months ago, Chile’s new government caused a stir with the announcement that it was studying changes to the mining property in order to facilitate mineral exploration and encourage the entry of new players. But since then there has been little progress.

Chile’s court-based system of tenure is almost unique among major mining jurisdictions, in allowing private parties to hold onto concessions indefinitely in exchange for minimal payments and no work commitments.

Read more…