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Benzinga
Benzinga
Business
Stjepan Kalinic

Chile Cuts Up To 70% Of Red Tape, Promises Streamlined Mining Approvals

Copper,Mountain,In,An,Open,Pit,Porphyry,Mine,In,British

Chile's Congress has passed a long-awaited mining regulation reform to cut permitting times drastically. The reform is expected to boost investor confidence in the world's top copper producer and second-largest lithium supplier.

The legislation, passed with 93 votes in favor, 27 against, and 17 abstentions, amends over 40 sectoral laws and now awaits President Gabriel Boric's signature to become law.

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