Chile unveils 'more reasonable' royalty bill

THE Chilean 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 unveils 'more reasonable' royalty bill Chile unveils 'more reasonable' royalty bill Chile unveils 'more reasonable' royalty bill Chile unveils 'more reasonable' royalty bill Chile unveils 'more reasonable' royalty bill

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.