Boric invited companies to have a “technically sound debate” regarding the mining tax reform and said terms were still up for discussion.
Since the new leftist government introduced tax reforms earlier this year, the mining industry has been up in arms. It argues that, as they stand, the reforms would add uncertainty to investment decisions needed to help fill a global supply gap as demand rises in the clean energy transition.
The bill includes a 1% to 2% tax on sales for companies that produce 50,000 to 200,000 tonnes of copper a year, and 1% to 4% for those that produce more than 200,000 tonnes.
Miners producing more than 50,000 tonnes annually would also be subject to a 2% to 32% tax on operating profits, using a sliding scale of copper prices between $2 and $5 per pound.
Earlier in the evening, the head of Sonami Diego Hernandez had said at the event the mining sector had not been listened to while the country’s tax…
