Client requirement: Our client has various mining concessions in the northern region of Peru. According to Peruvian Law, as part of the concessioners’ obligations, it must present a Mining Closing Plan. The Mining Closing Plan includes all the obligations that the concessioner must fulfil before it leaves the concession ones the exploitation has finished. The obligations are guaranteed by a bank security that must be renew each year.
Our participation: Our team helped Imerys reviewing the regulations in order to confirm if it was necessary to renew the bank security, taking into consideration that the concession was not been exploited.
Client benefit: Our assistance helped our client to comply with the Ministry of Energy and Mines understanding related to the renewal of the bank security and also to avoid the unnecessary filing of a bank security generating an extra cost.
