Frequently Asked Questions

Competitive funds are part of the support that Las Cenizas Mining Group provides to the community where its mining projects are located. These funds are designed to finance specific projects that benefit the community in various areas, including support for its organizations, activities, and the general well-being of its members. This financing program has been in place for the last nine years, establishing an application and selection process based on the criteria in these guidelines.

The primary objective of this competitive fund is to provide support to social organizations in Cabildo and Taltal for the implementation of projects that directly contribute to the well-being of the residents of this community.

• Support for entrepreneurship and trades in the process of formalization
• Equipment for organizations
• Improvement of infrastructure, headquarters, and community environment
• Environment and culture

It is a prize worth $500,000, for which all applicants for competitive funds are automatically eligible. Its purpose is to recognize and support innovative projects that have a positive impact on the community, promoting development and creativity in various areas. The prize will be awarded at the competitive funds award ceremony.

For the “Support for entrepreneurship and trades in the process of formalization” line, all legally constituted micro-enterprises that are pending and also submit an updated Social Household Registration Form may apply for the competition.

For the categories “Equipment for organizations,” “Improvement of infrastructure, headquarters, and community environment,” and “Environment and Culture,” all legally constituted community organizations with legal personality that have a current board of directors at the time of application and have an active bank account for the organization may apply for the competition.

Organizations that have outstanding accounts with this or any other fund are not eligible to apply. Proof of non-eligibility will be provided by means of a simple sworn statement.

Attached rules for Cabildo.

Attached rules for Taltal.

Projects are selected based on strict guidelines with associated criteria and scores.

The criteria evaluated are as follows:

1. Compliance with technical requirements
2. Project impact: Number of direct beneficiaries, relevance to the social challenges of the community, whether it improves people’s quality of life.
3. Technical, economic, and social feasibility: The project includes the technical and human resources for its implementation, and the project has the support of the community.
4. Innovation and originality: Novelty of the project, potential impact.
5. Previous contributions from Las Cenizas Mining Group: Previous contributions in previous competitive funds.

This will be done by a committee made up of executives from Las Cenizas Mining Group, which consists of two stages:

• Admissibility: Projects submitted by the stipulated dates will be evaluated using an admissibility guideline. This guideline will verify compliance with the rules, participation in training, and submission of the required documentation. The pre-selected projects will be chosen from this evaluation.
• Evaluation and selection by the Evaluation Committee, based on specific criteria.
• Communication of results: The results of the competition will be communicated in a timely manner to both those who were selected and those who were not.

Before the projects begin, an event will be held to deliver the funds and sign the agreement. The implementation process consists of three stages:

• Signing of the agreement
• Delivery of the first installment (50% of the funds) and delivery of the second installment (50% of the funds).
• After the funds have been delivered, all organizations or companies must proceed with the accountability and supervision of the project.