Chile’s mining companies submit proposal to Assembly drafting new constitution
RIO DE JANEIRO, BRAZIL – Mining companies operating in Chile will present a document with proposals for the sector’s development to the assembly drafting a new constitution for the world’s largest copper producer, the industry’s umbrella organization said Monday.
According to the National Mining Association (Sonami), the report results from work done since 2020 focus on sustainability, legal framework, and economic environment.
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“The document includes five areas that should be considered in the funding body’s discussion on mining: special characteristics of mining and state versus private investment; mining and water; mining and indigenous peoples; mining and technological innovation; and the regulatory architecture of mining,” it said in a statement.
In the election of the charter’s drafters, both the ruling center-right party and the traditional center-left party that has predominantly governed Chile since its return to democracy lost to independent candidates and a left-wing coalition with the Communist Party.
Mining companies have expressed concern about the uncertainty surrounding the content to be discussed by the Constituent Assembly and have stressed the importance of maintaining the rules that have allowed the sector to develop in the country.
“It would be desirable to maintain the patent protection regime for mining concessions, which provides the mining concessionaire with the necessary security and stability. This mechanism is internationally recognized for its objective, transparent, and easily verifiable operation,” he said.
Earlier, the Mining Council, which brings together large multinational mining companies, also announced that it would seek to influence the debate on the new constitution.
The constitutional discussion comes when the copper and lithium industries are in the public eye over a revenue-sharing debate in a year when copper prices have reached record highs.
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