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Chile government unveils new royalty proposal

Chile’s government has submitted a long-anticipated mining royalty bill to the Energy and Mining Commission of the Senate, which is not as harsh as the industry feared.

Chile government unveils new royalty proposal Chile government unveils new royalty proposal Chile government unveils new royalty proposal Chile government unveils new royalty proposal Chile government unveils new royalty proposal

Chile president gabriel Boric

The bill proposes a flat-rate ad valorem, or revenue based, tax of 1% for large-scale copper mining whose exploitation exceeds 50,000 tonnes per annum, thus excluding medium-sized mining.