en.Wedoany.com Reported - Chile's Deputy Minister of Mining, Álvaro González, presented a draft bill at the 2026 Exponor exhibition aimed at simplifying the process for small and medium-sized miners to apply for reductions and payments of mining royalty fees, providing greater certainty and convenience for the country's small and medium-sized mining enterprises to promote investment.

Deputy Minister González stated at the exhibition that this initiative, as the first bill submitted by President Kast's government in the mining sector, is at the core of the government's plan to transform the country into a facilitating state, which is essential for returning to a path of growth and social progress. He emphasized that unlocking the potential of small and medium-sized mining requires establishing reasonable rules and ensuring that costs do not affect the sustainability of the activity.

The meeting, held in Antofagasta, brought together industry union members from Taltal, Calama, and Tocopilla, who learned about this legislative initiative. The initiative began its constitutional process in the Mining and Energy Committee of the Chamber of Deputies in the first week of June.

This measure, widely anticipated by small and medium-sized miners, proposes amending the mining royalty system established in the Mining Code. It aims to simplify the system by eliminating the progressive increase in royalty fees, as well as requirements such as the 500-hectare area limit for small mining, family relationships, and company types.

Furthermore, Deputy Minister González emphasized that the proposal seeks to provide a regulatory framework that makes life easier for miners, incentivizes investment in exploration, and offers greater certainty for miners involved in the process of applying for royalty fee reductions. Additionally, the scope of benefits is expanded, allowing not only concession holders but also tenants and those legally operating mines to apply.

The official also noted that the initiative incorporates a new reason for royalty fee reduction due to mining exploration, eliminating the need for producers to apply for the reduction annually. It also aims to maintain the proportional payment amount of mining property royalty fees and sustain it until the first year after establishment, at an amount equivalent to one-tenth of the monthly tax unit.

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com