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Chile royalty bill advances

Chile’s Senate Energy and Mining Commission has approved a mining royalty bill to increase the contribution to state coffers from the copper and lithium sectors. It now advances to the finance committee for a final review before being voted on by the Senate.

 Chile mining minister Marcela Hernando welcomes royalty bill advance

Chile mining minister Marcela Hernando welcomes royalty bill advance

The bill was modified in October 2022 to apply a flat-rate ad valorem, or revenue-based, tax of 1% for large-scale copper mining whose exploitation exceeds 50,000tpa, thus excluding medium-sized mining....

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