Court challenge of Peru royalties

PERU’S newly enacted royalty laws will be challenged by the country’s Mining, Energy and Petroleum Society today, following forecasts that the legislation will dampen investment in the sector.

Court challenge of Peru royalties Court challenge of Peru royalties Court challenge of Peru royalties Court challenge of Peru royalties Court challenge of Peru royalties

The recently enacted laws apply to royalties of 1% on mining company sales up to US$60 million, 2% on sales between US$60 million and US$120 million, and 3% on sales over US$120 million.

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