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Chile proposes mining code reforms to ease costs for junior explorers like Montero Mining.

Market News
21 May 2026
Proactive Investors
View Source
Bullish
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Chile has proposed amendments to its Mining Code aimed at reducing cost pressures on junior exploration companies. The reforms include simplifying access to reduced mining concession fees, eliminating fee escalations, and expanding what qualifies as mining work. Montero Mining, active in Chile's Maricunga Belt, welcomes these changes as they align costs with exploration timelines and could boost investment. The bill still requires approval by Chile's Congress before becoming law.

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