Publishing date: Jun 02, 2021 • 2 hours ago • 1 minute read •
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(Bloomberg) Chile’s government is “pretty confident” of paring back a copper royalty bill to stay competitive with other major producers, the mining minister said in comments that may help ease concerns over future metal supplies.
The lower house of congress approved a version of the bill last month that, according to government estimates, would raise the total tax burden for copper companies to 70-80% from about 40% now, Mining and Energy Minister Juan Carlos Jobet told Bloomberg Television on Wednesday.
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Linda Zhang, chief engineer of Ford Motor Co.’s new electric F-150 pickup, steers a 3-ton rig onto a test track at the automaker’s suburban Detroit proving grounds and mashes the accelerator. In about four seconds, she says, “We’re at 60” miles per hour. Then, a heartbeat later as the G-forces bear down, “We’re at 100.”
No wonder Ford calls its newest model the Lightning. Two electric motors give the pickup 563 horsepower capable of propelling its 6,500 pounds at sports-car speed. That’s what President Joe Biden discovered Tuesday as he took it for a spin during a visit to Ford’s Dearborn, Michigan, test track and declared: “This sucker’s quick!”