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