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Proposed new royalty unsettles miners in Chile

From mining.com

The return of high copper prices has come in the nick of time for Chile, but as the price for the red metal rallies, politicians believe the mining industry could be contributing significantly more to help the country through the covid-19 pandemic. Long-viewed as the most stable destination for foreign investment in South America, Chile’s increasingly fraught political scene is increasing risks for the country’s powerful mining industry. The Finance Ministry estimates that the rise in copper prices since the start of the year could bolster public revenues by around $4 billion or 5.6% compared to its previous ... (full story)

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  • Category: Fundamental Analysis