SANTIAGO, April 16 (Reuters) - Chile's government needs
to quickly approve a proposal to streamline permitting for the
mining industry to unlock and promote investment in the world's
top copper-producing country, a top BHP official said on Tuesday
"In Chile it is urgent to improve the permit system to allow
companies to approve large investment projects in a timely
manner," BHP President Americas Brandon Craig said during a
panel at the World Copper Conference, which is being held in
Santiago.
"This not only applies to new projects, but also to permits
needed to optimize current operations," he added.
Mining companies and industry groups have complained about
the extensive permitting process in Chile. In January, the
government presented legal reforms to streamline permitting for
investments, which can currently reach up to 500 requests from
various authorities.
The reforms still must be approved by Congress, where the
government has faced strong opposition. The government was able
to pass a mining tax reform last year, but a major industry
request during the debate was to streamline permitting and
reduce start-up times for multi-million dollar copper projects,
which is Chile's largest export.
"I hope these reforms are approved quickly so that the
industry can unlock large mining investments," Craig said.