Legal Framework: The legal framework of the mining industry is based on the following: . The Constitution of Chile (1980) and the Organic Law (1982) . Compensation for expropriation based on current value . Codelco's New Corporate Law (November 2009) . ENAMI-Responsible for the development of the small mining companies The greater portion of investment in mining is by the private sector because of difficulties that the state owned mining company experience in accessing credit for project development in open markets. This, according to the presenter, therefore militates for engagement in joint ventures.