Changes to Chile's mining legal framework over the past four
decades have been rare and modest. However, February 2022 marked a
significant turn with the enactment of Law No. 21,420 (the "Law"),
which contains the most important amendments to the Mining Code
(the "Code") since it was enacted in 1983. More
information about the Law can be found in this article.
Although the mining-related sections of the mentioned Law will
not enter into force until January 1st, 2024, the Government
presented to the National Congress the bill of law No 15,510-08,
aimed at making deep amendments to the Law and, additionally, to
other legal regulations related to the mining sector (the
"Bill"). The Bill has been discussed at large for
over a year, and the original text of the Bill presented by the
Government has undergone several changes. Recently, the Chamber of
Deputies approved an updated text of the Bill by a wide
majority, which is currently being discussed in the Senate.
