Chile's new mining policy initiave targets water as well as taxes

Chile's Ministry of Energy & Mining has unveiled a national mining policy that will run until 2050, the Pol?-tica Nacional Minera 2050, which sets out a series of initiatives intended to decrease the amount of water used by the country's mining industry, as well as to increase transparency across the sector.

The policy blueprints were published on Tuesday August 31.
The government initiative, which will not be binding on future administrations, asks that mining company's water usage derived from rivers, lakes and underground basins be cut to 10% of total usage by 2030 and to 5% by 2050.
Mining is a heavily water-intensive industry, and the policy document also calls for greater transparency in how water is used by companies, as well as targeting reduced water pollution.

"For the first time, Chile has a long-term national mining policy," the country's minister of energy and mining, Juan Carlos Jobet, said in comments quoted by local newspaper La Tercera. "A state policy that we have built in...

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