Nevada Copper Corp T.NCU

Cashing in on copper

[my69z]

In Chile, investors could face a tax burden of 82 percent in royalties and taxes under the proposed bill on sales exceeding 12,000 tons annually of copper and 50,000 tons per year of lithium, up from 40.3 percent.

Chile currently taxes most mining operations on a flat-fee basis, under agreements that are due to expire in 2023. The new bill proposes a 3 percent base rate royalty. For copper, a windfall profit tax would begin at marginal rates of 15 percent of sales priced at US$2 to US$2.5 per lb, rising to 75 percent of additional income on sales of more than US$4 per lb.
A new wave of resource nationalism in the mining & metals industry | White & Case LLP - JDSupra

*According to Goldman Sachs, the proposed legislation could affect more than 1 million tonnes of copper production, which represents roughly 4% of the world’s copper production.
Chile's Copper Royalty Bill Moves To Next Phase - MiningFeeds