Copper producers are pushing back on Chile’s proposed tax overhaul, with Anglo American Plc indicating it needs greater regulatory clarity before proceeding with major investments.
The tax package presented by the administration of President Gabriel Boric earlier this month would increase the effective tax rate by 10% to 15%, Stephen Pearce, London-based Anglo’s head of finance, said on an earnings call Thursday. That could lift the statutory rate to 46% to 56%, he said.
