Colombia always had the potential to become a major mining jurisdiction but the mining sector is now completely frozen. There is a high level of uncertainty due to the governments push to reform the mining code, create a state mining company, and new a environmental decree.
Major mining companies in Chile have set carbon emissions reduction goals for the next decade to contribute to Chile’s efforts to be carbon neutral by 2050
Incorporating a local company is an important step for companies who are serious about servicing the Chilean market. The issue is that many foreign companies do not know the intricacies of the process in Chile or the documentation that is required from the foreign shareholder