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Chile , Wednesday 14 October 2026

Chile greenlights mining tax reform that boosts government take

Published on: Wednesday 17 May 2023

Chile greenlights mining tax reform that boosts government take SANTIAGO (Reuters) -Lawmakers in Chile's lower house of Congress gave final approval on Wednesday for a long-awaited mining tax reform that now requires only the signature of leftist President Gabriel Boric, who has publicly backed it, to become law. The reform will require large copper and lithium producers that operate in the mineral-rich Latin American nation to pay more taxes and royalties to the government. Chile is the world's top copper producer and No. 2 in lithium, both seen as key to making future fleets of electric vehicles powered by rechargeable batteries.


News source: https://finance.yahoo.com/news/chile-greenlights-mining-tax-reform-220952597.html

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