To: LoneClone who wrote (168120 ) 10/26/2022 12:51:42 PM From: LoneClone Read Replies (1) | Respond to Chile amends mining royalty bill with flat 1% ad valorem rate miningweekly.com Reuters mining royalty bill that drew criticism from miners, removing provisions that assessed higher rates for larger miners and linked payments to copper prices, while implementing a flat 1% ad valorem tax rate for large producers.copper producing nation.mining ministers, would impose a flat-rate ad valorem tax of 1% on large-scale copper miners that extract more than 50 000 t/y. The ad valorem tax would not be assessed if operating margins are negative.copper as was originally proposed.mining and energy committee of Chile's congress will meet on Wednesday to review the government's amendments before continuing with the legislative process.mining royalty would collect an additional 0.6% of GDP, of which 0.46% of GDP would be the product of the new structure and the remaining 0.15% the result of growth in production and costs," the Finance Ministry said in a statement.components for royalty payments.copper , and from 1% to 4% for those over that range.copper prices between $2 and $5.components were to have varied based on the copper price.
