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Chile's top mining firms hope senate may modify higher royalty tax

Chile's top mining firms hope senate may modify higher royalty tax
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

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Copper Mining in Chile: A World-class Jurisdiction

Chile is home to the world’s most established copper-mining industry and continues to be a hotbed of copper exploration activity.
With a natural landscape rich in mineral resources, it’s no surprise that copper mining in Chile is one of the country’s largest industries. As the top copper-producing country in the world, the South American nation’s name is synonymous with the red metal.
Chile’s copper production is mostly based in the northern region of the country, and comes primarily from iron-oxide-copper-gold (IOCG) deposits, porphyry copper deposits that are rich in molybdenum and gold and silver by-products. ....

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Copper Output May Suffer If Pandemic Drags On, Chile Group Says

Copper Output May Suffer If Pandemic Drags On, Chile Group Says
Bloomberg
1/21/2021
James Attwood
(Bloomberg) Top copper producer Chile managed to navigate the pandemic disruptions that stalled mining in other countries, churning out more metal last year than in 2019.
That helped keep Chinese refineries supplied at a time of market tightness and high prices. But while Chile is well prepared to operate through a second wave of infections, eventually output could suffer, according to a group representing industry heavyweights.
Mines such as BHP Group’s Escondida and those run by state-owned Codelco are reinstating restrictions used in the initial phase of the pandemic such as demobilizing some workers and asking others to work remotely to safeguard staff and maintain operations as infection rates rise in Chile. They can do that by delaying non-essential activities such as maintenance and earthwork preparations. ....

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