Bloomberg Tax
Feb. 27, 2020, 5:00 AMUpdated: March 4, 2020, 12:37 PM

Chile Lower House Considers of Bill to Establish Mining Royalty on Copper, Lithium (Corrected)

The Chilean Chamber of Deputies Feb. 21 announced the consideration of a bill to establish a mining royalty for copper and lithium extractions. The bill includes a measure that would impose a 3 percent royalty on the nominal value of minerals extracted, with an exception for operators extracting less than 12,000 metric tons of fine copper or 50,000 metric tons of metallic lithium. [Chile, Chamber of Deputies, 02/21/20]

View Legislative History of Bill No. 12093-08. View Bill No. 12093-08. View Announcement.