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Canada's Teck says its copper projects shielded from potential Chile tax hike

By Reuters Staff
2 Min Read
TORONTO (Reuters) -Canada’s Teck Resources sees little risk of higher taxes in copper powerhouse Chile due to a stability agreement that shields the company’s massive Quebrada Blanca Phase 2 copper project from higher levies for 15 years, Chief Executive Don Lindsay said on Tuesday.
Slideshow ( 2 images )
Chile’s lower house this month approved a bill that would sharply hike taxes on copper mining to pay for social programs.
“We trust the Chilean institutions,” Lindsay said at the Bank of America Securities Global Metals, Mining & Steel conference on Tuesday,
“The stability agreements were offered on a transparent and uniform basis under Chilean law and therefore they’re theoretically not negotiable,” he added. ....

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Canada's Teck says its copper projects shielded from potential Chile tax hike

By Reuters Staff
2 Min Read
TORONTO (Reuters) -Canada’s Teck Resources sees little risk of higher taxes in copper powerhouse Chile due to a stability agreement that shields the company’s massive Quebrada Blanca Phase 2 copper project from higher levies for 15 years, Chief Executive Don Lindsay said on Tuesday.
Slideshow ( 2 images )
Chile’s lower house this month approved a bill that would sharply hike taxes on copper mining to pay for social programs.
“We trust the Chilean institutions,” Lindsay said at the Bank of America Securities Global Metals, Mining & Steel conference on Tuesday,
“The stability agreements were offered on a transparent and uniform basis under Chilean law and therefore they’re theoretically not negotiable,” he added. ....

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Teck sees little risk of higher taxes in no. 1 copper producer Chile

Teck sees little risk of higher taxes in no. 1 copper producer Chile
mining.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mining.com Daily Mail and Mail on Sunday newspapers.

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