Copper Royalty Bill Clears Another Hurdle in Chile
- Senate mining committee approved proposal three votes to two
- Proposed royalty system now goes to senate floor for debate
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A bill that would create the heaviest tax burden among major copper-producing nations was approved by a Chilean senate mining committee on Tuesday.
The royalty proposal passed by three votes to two and now goes to the senate floor for debate, with modifications likely to be presented in a bid to soften a version passed in the lower house in May.