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Copper price hits record high as Chile gives bulls another reason to cheer – MINING.COM – MINING.com
Chile’s lower house approved a measure that would introduce progressive taxes on copper sales, potentially creating a total burden of more than 80%.
Chiles lower house on Thursday approved a measure that would introduce progressive taxes on copper sales, potentially creating a total burden of more than 80% — or almost double that of other major copper-producing nations.
The measure, which would go into effect in 2024, still needs to be approved by the senate and could be blocked by the government in court. But if it succeeds, it could stall investments in a country where mature low-grade deposits need plenty of expenditure just to maintain…
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