Sociedad Contractual Minera or SCM designates one of the two types companies allowed to engage in mining in Chile by the Chilean Mining Code, the other being the Sociedad Legal Minera or SLM.[1][2] Sociedad Contractual Minera are regulated by six articles of the Chilean Mining Code and then more in general by the norms that apply to the Sociedad Legal Minera and by ius commune.[3] Six articles in the Chilean Mining Code refer to the Sociedad Contractual Minera (200, 201, 202, 203, 204, 205).[3][4] At the moment of creation a Sociedad Contractual Minera must have a stated goal to exploit a "mining manifestation" (Spanish: manifestación minera) as its main activity.[2]
The shares of a Sociedad Contractual Minera can be sold as options.[5]
See also
- Illegal mining in Chile
- Law on Mining Concessions
- S.A. (corporation)
- Pirquinero
References
- Marcelo Mardones. Ley de Sociedades Anónimas como régimen supletorio aplicable a las sociedades mineras Estado Diario, 2018-06-13, retrieved 2025-08-18^
- Hernan Alberto Fuentes Oyarce. Manual de referencia para el estudio de títulos depersonas jurídicas, su constitución y administración University of Chile, 2007, retrieved 2025-08-19^
- Sociedades Contractuales Mineras y Ley 18.046