Top Copper Nation Calls for Debate on How to Best Tap the Boom
- Minister says Chile shouldn’t rush in to overhaul tax system
- Jobet says he’s confident of reaching a ‘reasonable agreement’
Trucks transport minerals inside an open pit copper mine near Calama, Chile.
Photographer: Cristobal Olivares/BloombergThis article is for subscribers only.
Chile’s government is calling for a broad discussion on what the top copper-producing nation wants to get out of mining, rather than rushing in to vote on a proposed new tax system.
In its current form, a royalty bill approved by the lower house last month would take company taxes well beyond the range of other major copper jurisdictions, eroding competitiveness, the mining minister said in an interview.