16
Jul
10:54
New royalty to impact Chilean mining industry: Fitch
The Chilean Lower House of Parliament has approved a bill to change mining companies' current tax structure to a revenue-based progressive marginal rate over copper prices. The law, which must be ratified by the Upper House, would dramatically increase current taxes for the mining activity in the country, according to Fitch Ratings. According to the bill, the total taxes for a miner could exceed 70% of pre-tax income when copper prices reach values close to cur…
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Anonymous
Very good overview of the weekly steel market.
Anonymous