Chile's National Mining Society (Sonami) has warned that a royalty project being discussed in Congress proposes levels of taxation that are "akin to expropriation" and would paralyze investment in the Andean nation. The plan, which proposes a progressive tax of at least 3% on copper and lithium sales, is driven by opposition-party legislators as a way to fund more expansive government social programmes as the country struggles to recover from the coronavirus pandemic. The bill has been tweaked in Congress' mining and finance commissions and will be voted on in the chamber of deputies on Thursday. If approved, ... (full story)