8th World Antimony Forum

TBD
Guiyang, Guizhou, China

12th Rare Earth Summit

TBD
Hangzhou, Zhejiang, China

11th Aluminum Raw Materials Summit

TBD
Hangzhou, Zhejiang, China

9th Magnesium Summit

TBD
Hangzhou, Zhejiang, China

13th World InBiGeGa Forum

TBD
Hangzhou, Zhejiang, China

7th World Antimony Forum

June 13-14, 2019
Changsha, Hunan, China

7th Refractory & Abrasive Materials Summit 2019

May 23-24, 2019
Qingdao, Shandong, China

10th Aluminum Raw Materials Summit

May 16-17, 2019
Zhengzhou, Henan, China

11th Rare Earth Summit

May 9-10, 2019
Qingdao, Shandong, China

8th Magnesium Summit

April 11-12, 2019
Zhuhai, Guangdong, China

12th World InBiGeGa Forum

March 14-15, 2019
Zhuhai, Guangdong, China

Chile lawmakers approve bill to increase mining royalties

2020-01-21 12:01:28   【Print】
A bill on copper and lithium mining royalties was approved by Chile's lower house mining committee on Monday by seven votes to three.

Lawmakers voted to introduce a new tax of 3% on the value of the minerals extracted in the case of companies that produce over 12,000t of fine copper or 50,000t of lithium a year. The funds collected would be used for the development of the regions that host the deposits to mitigate environmental damage.Asian Metal Copyright New projects with capacity of more than 50,000t of copper had to pay up to 14%.Asian Metal Copyright Legislators also want to boost President's US$1.Asian Metal Copyright New projects with capacity of more than 50,000t of copper had to pay up to 14%.Asian Metal Copyright2bn plan to counter the social unrest that Chile has been experiencing.

Major mining companies in Chile currently pay corporation tax of 27% plus a specific mining tax of 5-14% depending on production rates.

Originally introduced in 2005 to create an innovation fund, the specific mining tax was originally up to 5% of operating profits, but in 2010 was raised to 9% for a two-year period in order to repair damage from the February 2010 earthquake. New projects with capacity of more than 50,000t of copper had to pay up to 14%.

The lower house mining committee will discuss proposed amendments to the bill on January 27. The bill can only advance with government support.Asian Metal Copyright Once the constitution, legislation and justice committees give the green light to the bill it can be voted on by the full house before moving to the senate.Asian Metal Copyright Once the constitution, legislation and justice committees give the green light to the bill it can be voted on by the full house before moving to the senate.

.Asian Metal Copyright Originally introduced in 2005 to create an innovation fund, the specific mining tax was originally up to 5% of operating profits, but in 2010 was raised to 9% for a two-year period in order to repair damage from the February 2010 earthquake.Asian Metal Copyright