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Antofagasta Minerals gets US$1.3 billion project financing in Chile

08 May 2019

Chilean conglomerate Antofagasta Minerals has hired Sullivan & Cromwell LLP in New York and local firm Jara Del Favero & Ried Fabres Abogados to obtain a US$1.3 billion project financing to fund an infrastructure project at Los Pelambres copper mine. Reed more at Latin Lawyer

The Law Today

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Minimum Wage Adjustment

25 Sep 2018

The law on the minimum wage adjustment (IMM) recently published in the Official Gazette sets the minimum salary for workers between 18 and 65 years of age at CLP$288,000, effective September 1, 2018, and at CLP$301,000 effective March 1, 2019. Starting March 1, 2020, the minimum monthly wage will be adjusted and raised on the basis of the minimum monthly wage in force on February 29, 2020, in accordance with the growth forecast for the Gross Domestic Product based on the percentages set down in Law 21,112.

The legal profit share set down in article 50 of the Labor Code must be adjusted to the aforesaid IMM amounts.

Chilean Regulations on drone operation or remotely piloted aircraft

06 Sep 2018

The General Civil Aviation Board (DGAC) regulates aviation in Chile and therefore the operation of drones or remotely piloted aircraft (RPA).

RPAs are regulated in Aviation Rule (DAN) 91 issued September 2, 2015 (which sets down the Rules of the Air for unpopulated areas) and DAN 151 issued February 10, 2017 (the second edition on the regulation of operation in matters of public interest conducted over populated areas), hereinafter the “Rules.”