The INAMI was created by Law 20/2014, of 18 August (Mining Law), as a legal person of public law with legal personality, with administrative and financial autonomy, and is overseen by the Minister who oversees the area of Mineral Resources.

• It started its activities in October 2015.
• It is the mining regulatory authority, responsible for the guidelines for public and private sector participation in the research, exploration, treatment, export and import of mining products and their derivatives.
• It is supervised by the Minister who oversees the Mineral Resources area. Financial supervision and oversight are exercised by the Minister who oversees finance.
• INAMI is the mining regulatory authority, responsible for the guidelines for public and private sector participation in the research, exploration, treatment, export and import of mining products and their derivatives.