Here is the entire “raw” translated transcript. No commas or...

Here is the entire “raw” translated transcript. No commas or full stops. Sorry. It’s hard to read, but you can make out what he says. Does someone mind putting it in bullet points for us??

___The interview with the undersecretary:

___

mining and energy report

How are we starting this new edition

of mining and energy sports the world

is at a turning point

to combat climate change

hand to reduce the use of fuels

fossil and bet on renewable energy

if electromobility demands it for

ore is critical such as copper and

lithium to name a few is only

going to shoot in the next few years

that cannot be covered only by the

recycling although this scenario could

be favorable for Chile, a mining country

excellence and the largest producer of copper

of the world The truth is that the

investments in the sector for

Greenfield explorations and projects have

gone down in recent years

Likewise, the rejection of mining projects

by the evaluation service

environment in the last year has put into

alert the sector that has qualified

deplorable and of legal uncertainties the

decision of this body after the

rejection of the integrated bronzes of

angloamerican project involving a

investment of 3,300 million dollars

have since pointed out that the evaluation

environment is not an obstacle to

development but is a condition

necessary for sustainable development

that we speak here in the program we are going to

dig deeper about it

we will be talking with the director

evaluation service executive

environmental lawyer Valentina Durán others

topics that we are going to be talking about here

in reporter and energetic is not visited

Deputy Mining Minister

biblical to delve into the

scope of the decision made

of this portfolio to process the

special lithium operation contract

requested by codelco in the salar de

maricunga and like every week we review

top industry news

mining and energy join us and

comment on today's episode on Twitter

using the hashtag report

the role of the environmental assessment service

has been questioned since its inception

term permitology was coined with force

in the mining sector that has squeezed

despite having all the permits

necessary to be running a project

he has changed certain criteria

causing the rejection of their projects

let's meet the look at the service of

environmental prayer for that we are already

here in the program with the director

executive of the sea the lawyer Valentina

Duran Valentina Thank you very much for

join us welcome Thank you very much to

see first of all briefly

those who do not know so much what

is the impact prayer service

environmental environmental prayer service

so relevant because here we have to

have not only mining ye

are in different industries

evaluating what is the impact that

can have the projects What is the

objective that has

we manage the system

environmental impact assessment that are

instruments that operate as a

single window we receive the

projects the declarations or the

studies are distributed to the other

organisms with environmental competences

and then its approval is proposed or

I reject that what is decided by the

environmental assessment commissions and

some cases the projects

international by direction

executive but the function of the system is

ensure projects meet

environmental regulations and that they are

charge of its significant impacts to

through measures appropriate to the environment

environment but also to the communities

projects damage everything that is

environment also has elements

natural and has social elements

now I said it at the beginning and I want

I want to have your evaluation about it

in the sector there is talk of permits

that the criteria are met but

then The criteria change and

finally the projects that are in the

mining case for example long

term end up being truncated by a

critical look either about it that is

what the industry thinks what the industry thinks

be with respect to that criticism

we do not have in the management let's say in

this position that I have started we have three

main axes of management and

first is to ensure an administration

of the system of excellence an evaluation

technique and excellence What it implies

unify criteria to give confidence

both the citizenship that requires greater

environmental protection and be

confident that the projects will

comply with environmental regulations such as

the project holders who also

require confidence as to which

are the evaluation criteria Then

us to ensure that axis that is

so important we work developing

guides developing criteria that range

indicating what the evaluation is and for

that we are in a process of constant

dialogue with all sectors to see

what are those areas in which

needs to set clearer criteria

our work in the generation of

value through genuine commitment

with sustainability from the north of

chile we contribute to sustainable development

of the industry sqm solutions for the

human development

We invite you to be part of this journey

to the world of science full of

knowledge and important

exciting discoveries breakthroughs

changing technologies and applications

our perception of the world

explorers from the atom to the cosmos

Wednesday 15 15 hours

[Music]

After five years the Ministry of

mining accepted for processing the extension

of the special contract of operation of the

lithium that the state codelco presented the

portfolio in 2018 with them the company

could become the only one

authorized to exploit this mineral in

the total of the maricunga salt flat

second largest existing lithium reserve

in the country we are going to talk more about

the implications of this for that

we are with the mining undersecretary

Billy Craft Undersecretary Again

thank you very much for joining us here

the program thanks for the invitation to

see let's focus on this point It's alright

interesting lithium is already a topic that

much address that some did not know

now you know

Let's start with this, which is a contract

special operation lithium me

I wrote because I wanted to say it right Yes the

lithium Unlike other minerals

as copper is not conceivable so

I don't know so much, the right to

exploitation in the same way as in the

case of copper other minerals because

because he was declared inconceivable

both substance and substance

strategies in 1979, then the

way that the State has to deliver

permission to exploit lithium is through

of special operating contracts

lithium that and from there in the name of Seol

it's the sun now I was commenting that I know

there has been progress in terms of

quecoderico and generate this this

special contract In what situation is

to have it very clear and what has been

the development also of this and in

terms of the state of importance

that the state has and there we can see

the challenges regarding codelco

good lithium and a national company

The only Sheol that exists today is the Sheol of

codelco arrived in 2018

that that Sun gives codelco the one

deadline to develop

prospecting and exploitation after

which has to start the phase of

exploitation

codelco is initially made

a search for partners to develop

a public-private partnership for

exploitation of lithium in the salar de

maricunga was not successful in that process

so he decided to start a phase of

flowering by itself individually

so without association

is currently developing that phase

scan on salary This makes

understand something that we have talked about

start here that codelco finally

I would enter the I don't want to say in words

simple to the lithium business yes that the

same power with some minute your table

directive the previous one in this case had

certain doubts regarding the know house

of codelco is copper other derivatives

of course not the same from the company

was not there was not a certain Clarity but

yes somehow an exploration of

this industry Yes that's why it is necessary or

important to have a partner

strategic that can bring this

knowledge

in the case of codelco and I think

can extend to other companies as well

at the national level or to Chile with a whole

of not having much knowledge of lithium

except for these two companies that operate in

the salar de atacama of course also in this

case

Let's explain this a little because with

he contains this special contract what

This is what happens in the Salar in the Atacama

where also in the living room it is different

because

the property of lithium from the salar de

Atacama was established before

of the year 1979 and has corfo the rein

Yes

Unlike what happens in install

of maricunga corfo is understood

directly with these two companies and not

it is necessary in this case to go through

a Seol as in the case of golco now

what remove advanced has with it with its

project that you us

commented is under exploration

looking for a strategic partner I don't know if

there are also certain deadlines in

terms of concern

from the industry in terms of the

to postpone more time what can be

exploration exploitation and value

addition of lithium in Chile could

remove some competition with others

who are already embarked on this Yes good

is advanced is doing is doing

completing the exploration stage

and is and after That should return to

insist on looking for a strategic partner

now codelco has not proposed us a couple

of concerns about Sheol than in

the salar de maricunga one is about

the deadlines that are

described in Sheol to complete the

exploration phase and there he asks us and

other deadlines and meet the deadline a little

because with all this love I got

Let's see there is one

legal thesis that poses a position

which is different from the one that was on the

table so far

This opens an administrative process in

which there is room for third parties

interested in particular the companies

who feel that they can

feel affected also present their

appeal your legal arguments for

be able to assess on its merit now This is

what happens in the marijuana salt flat

we are working on a design

institution for the development of

Lithium Industry that considers the

creation of a national company

lithium with different production units

we think you have to have a

some degree of vertical integration

from exploration through

exploitation extraction processing and

generation of added value throughout the

cycle

These are different different units

productive in which it is through

this company the state Looking for partners

strategic in order to develop

industry that's one of the

layers of this institutional design

We also believe that it is very important

that together with the company there is a

institute crimes and wages in a way

such that the knowledge that those

strategic partners we can

acquire incorporate make own in the

country through this institute not to have

to import it let's say exclusively No

of course not to be not to remain as importers

of knowledge but rather

generate a structure that allows us

acquire knowledge and create our

own knowledge on this matter

forward undersecretary again

thank you for joining us to continue on

Thank you for the program Good luck to you

a series of indications that reformulate the

royalty mining project They were

presented by the government after several

weeks of talks between experts

and representatives of the sector among the

indications are considered exclusion

of the median mining in the component

a fee scale to apply the

margin tax

operational and new recipients of the

collect the details the following

[Music]

the government presented to the commission of

senate mining and energy a series

of indications that reformulate the

mining royalty project

indications according to the Treasury take into

account the proposals made by

the Academy and specialists during the

hearing about the project in detail

the value component was reduced to 1%

for large mining whose exploitation

exceeds 50,000 tons excluding

thus to medium-sized mining.

modified the fee scale to apply

the tax based on the margin

operations of the mining companies

which will range between 8 and 26%,

for this calculation it will be possible to deduct

own expenses of the slaughter supplies and

depreciation as a result of

modifications it is estimated that the royalty

will collect an additional 0.6% of the gdp of the

the

0.46% will be the product of the new

structure and the rest of the growth

of production and costs with this

collection will be considered

local and regional governments

primarily those from areas

mining companies as new recipients of the

collection and in that line it will be doubled

the treasury's contribution to the common fund

municipal

[Music]

the superintendence of the environment

approved a compliance program

more than 50 billion pesos

presented by mining company Doña Inés

from collahuasi this as part of the

penalty procedure for

rectify the infractions detected in

its operations the procedure is

This started in December 2017 after

the superintendency will detect 14

environmental infractions in the operation

the offenses targeted

failure to monitor

avifauna in the salar de coposa area

to the implementation of a system of

punctual monitoring of the flow of the

hatsucoposa slope and not having

modified operating regime

in Coposa Norte Despite

there has been a decrease in the

water table higher than expected

environmental assessment

the energy transition index 2021

of the world economic forum has placed

Chile as the fifth country in the region

in leading the energy transition

According to the report, Latin America is the leader

in environmental sustainability due to a

strong installed hydroelectric base without

However, it indicates that they can be taken

actions to improve affordability

of energy Well, the prices of the

electricity based on parity

purchasing power remain high

from the organization estimate that a

better market integration

global financial markets can lead to

record levels of new investment

the Ministry of transport and

telecommunications energy and medium

environment signed an agreement to

promote the use of green hydrogen in the

network system bringing the first bus

powered by fuel

sustainable would enter and

n circulation in

2023

the authorities aim to start with a

only public transport bus on base

green hydrogen elaborate its performance and

so plan the following actions

among the benefits of these buses

highlights that the load is faster and the

autonomy is greater in relation to the

electric buses

we reached the end of the program but

always thanking you for tuning in

inviting them to access our

industry news content

mining and energy in report and

miner.cl And of course also in 24

hours.cl I'm very well see you

bye

jjjf