Chile's Chamber of Deputies Considering New Mining Royalty on Copper and Lithium

Chile's Chamber of Deputies (lower house of Congress) is considering a draft bill submitted for the introduction of a new mining royalty on copper and lithium. As drafted, the royalty for the exploitation of copper and lithium mining would be levied at a rate of 3% on the nominal value of minerals extracted. The royalty would be paid annually, with an exception for mining operators extracting annual quantities not exceeding 12,000 metric tons in the case of fine copper and not exceeding 50,00…