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Chile proposes mining fee reforms to boost exploration, benefiting companies like Montero Mining.

Market News
21 May 2026
Newsfile Corp
View Source
Bullish
pluang ai news

The Chilean government has proposed amendments to its Mining Code to simplify and reduce mining concession fees, especially for exploration and development projects. These changes aim to ease financial pressures on junior mining companies by eliminating escalating fees and expanding eligibility for reduced rates. Montero Mining, active in Chile's Maricunga Belt, welcomes the reforms as supportive of responsible exploration investment. The bill is pending approval by Chile's National Congress before becoming law.

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