Closure of Natural Resources Projects in Latin America

Date: 09 May 2013
Location: Online

Time: 23:30 (UTC +8)
Duration: 1.5 hrs
Language: English

As the world’s eyes move to the abundant mineral and hydrocarbon resources available for extraction in Latin America, it is important for natural resources companies to have one eye on the future, from the outset of their projects, and to be mindful of what they have to do to comply with mine and oil well closure requirements. In many Latin American jurisdictions, the industry is not yet matured, which can make complying with the requirements and implementing the most beneficial tax strategies difficult. This session will endeavor to break down those barriers.

Latin American experts from Argentina, Brazil, Chile, Colombia and Peru offer an insight into existing practices and will answer participants’ questions after each presentation.

KEY POINTS

  • Requirements for submitting, updating and having mine and oil well closure plans approved
  • Remediation requirements in the extraction zone.
  • Tax incentives and amortization of closing costs across the life of the resource.
  • The implications for changing or terminating labor contracts.
  • Potential liabilities upon closure of the resource.

Click to download "Paper on the closure of natural resources projects in Latin America" and
"Closure of Natural Resources Projects in Latin America PPT"

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