CRIRSCO MEETING IN BRASILIA

COMISION MINERA DE CHILENOVEMBER 30, 2015

Hernan Soza G.President

Presidente:

Hernán Soza – Colegio Geólogos

Vicepresidente:

Hans Göpfert - Sonami

Directores:

Guillermo Müller - Consejo Minero

Ricardo Arias - Colegio de Ingenieros

Ricardo Miranda – Instituto de Ing. De Minas

Secretaria Ejecutiva:

Gladys Hernández

DirectoryJune 2015 – junio 2018

LAW 20.235

•17 Dec, 2007: Law N°20.235 creates the Comisión

Calificadora de Competencias en Recursos y Reservas

Mineras (Comisión Minera)

•And introduced the concept of Competent Person.

FUNCTIONS

To manage the Public Register of PCs in

Mineral Resources and Reserves

To provide In Force Certificates to PCs

MISSION

CREATE AND SUSTAIN THE TRUST OF INVESTORS

COLABORATE TO INCREASE THE NUMBER OF MINING COMPANIES LISTED IN THE STOCK

EXCHANGE

COLABORATE WITH GOVERNMENT REGULATIONS TO BE ACOMPLISHED

CODE ADVANTAGES

• The CH 20235 Code provides a mandatory system tocategorize tonnage / grade calculations in accordance withgeological, technical and economic considerations, underCRIRSCO standards.

• The use of the cathegories system is one of the key factorsof the Code because it allows the CP to communicate tostakeholders his trust on the information provided.

IN FORCE CERTIFICATES

Number of Certificates requested

420

5363

205

44

0

50

100

150

200

250

2010 2011 2012 2013 2014 2015

El incremento que se dio en el año 2014 fue producto de los Informes de Vida Útil

presentados de las distintas Faenas Mineras.

PCs Register

12 new professionals registered during 2015. 286 CPs registered in 7 years

Professionals Registered as CP Especialities Registered

Seminarios 2015

Seminars:

Competencias en Recursos y Reservas Mineras, 2 de junio, Hotel Enjoy, Coquimbo

Valorización de Activos y Mercado de Capitales, 09 de septiembre, Hotel Radisson, Santiago.

Workshops:

Estimación de Vida Útil para el Cierre de Faenas Mineras, 30 de abril, Auditorio Sonami, Santiago.

Modelamiento Geológico, 23 de junio, Auditorio IIMCh, Santiago.

Estimación de Recursos Minerales, 04 de agosto, Auditorio Colegio de Ingenieros, Santiago

Planificación Estratégica de Minas, 04 de noviembre, Auditorio IIMCh, Santiago

• Meetings with authorities like Minister of Mines y SVS (Norma 294)

• Annual meeting to report to Member Entities

• Communications to PCs about duties and liabilities

Main Activities and Goals

Special training to Santiago Stock Exchange personnel about CH 20235

Code, due to the agreement signed with Canada about listing of Canadian

Companies in the Bolsa de Santiago Venture.

Meetings with Sernageomin to assist in Technical Reporting of Life of

Mine and Mine Closure.

Reports Review to give In Force Certificates to PCs, either nationals or

under reciprocity agreement.

Continous review and improvement of procedures of Comisión Minera

Reciprocity Agreement with SAMREC/SAMVAL of Southafrica was

established in October 2015, (Canada, USA. Europe, Australia, Rusia)

Main Activities and Goals

Challenges and Goals

Keep continous improvement of the Code and good practices in Resources

and Reserves reporting.

Create an information system similar to SEDAR of Canada

Increase and improve CPs education

Improve interaction with Minister of Mines, Stock Exchange and Government

authorities in general.

Look for financial support to improve Comision Minera activities.

www.comisionminera.cl www.crirsco.com

Bemvindo Brasil to CRIRSCO family !!!

BRASILIA 2015