Top Copper Nation ‘Pretty Confident’ of Tempering Tax Bill
- Chile minister says most senators understand bill isn’t good
- Government is facing swing away from political establishment
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Chile’s government is “pretty confident” of paring back a copper tax bill in order to stay competitive with other major producers, the mining minister said in comments that may help ease concerns over future supplies.
The lower house approved a version of the bill last month that, according to government estimates, would raise the total tax burden for mining companies to 70-80% from about 40% now, Mining and Energy Minister Juan Carlos Jobet told Bloomberg Television on Wednesday.