Banks of the Costa Rican National Banking System may not finance foreign capital enterprises in the mining sector in an amount greater than 10% of the total amount invested, or enterprises in which less than 50% of capital shares are Costa Rican.
"Article 1.- The State has the absolute, inalienable and imprescriptible domain of all the mineral resources that exist in the national territory and in its patrimonial sea, whatever the origin, physical state or nature of the substances they contain. The State will endeavor to exploit mining wealth by itself or through agencies that depend on it.
However, the State may grant concessions for the recognition, exploration, exploitation and benefit of mineral resources, in accordance with this law.
[...]
Article 70.- In the case of companies with foreign capital and companies in which the national capital is less than fifty percent, the National Banking System may not grant financing to such companies, for an amount greater than ten percent of the total investment done.[...]" (Mining Code (No. 6797, 10/04/1982), last amended by Law no. 9647 of 12/19/2018, Articles 1 and 70 [google translation])
Mining Code (No. 6797, 10/04/1982), last amended by Law no. 9647 of 12/19/2018, Articles 1 and 70
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