en.Wedoany.com Reported - The Chilean government is advancing a reform measure aimed at accelerating the mining permit approval process to unfreeze an investment portfolio exceeding $100 billion and revitalize the country's mining development. According to the plan, the government will establish a new sectoral permitting framework, streamlining approximately 200 procedures, with an expected reduction in project approval times of around 30%.

This reform aims to restore vitality to mining investments and address the challenge of numerous projects facing delays due to regulatory bottlenecks. Recent data shows that projects worth over $17 billion have entered the environmental assessment phase, indicating a recovery in industry activity. Chilean Economy and Mining Minister Daniel Mas stated: "Our goal is to simplify processes and provide rapid responses, because behind every stalled project there are jobs and investments involved."

The investment portfolio focuses on copper, lithium, and critical mineral projects, resources crucial for the global energy transition. The reform measures will strengthen legal certainty, clarify rules, and reduce administrative burdens while maintaining environmental standards. It is estimated that accelerating permit approvals could create over 20,000 permanent jobs and enhance Chile's competitiveness as a mining investment destination.

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