Montero Mining welcomes Chile's proposed mining code reforms

Montero Mining and Exploration Ltd (TSX-V:MON, OTC:MXTRF) has welcomed proposed amendments to Chile's Mining Code that the company says could ease cost pressures on junior exploration firms. The bill proposes to simplify access to reduced mining concession fees for exploration and development-stage projects, with measures including eliminating progressive fee escalation, introducing a reduced fee category tied to active exploration, and expanding eligibility criteria.