Chile considers changes to mining royalty bill

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Chile has opened the door to further modifications to proposed tax increases on copper producers, which could ease concerns that threaten to hold back investment in the industry.

The government – which suffered a major setback last week with the rejection of a sweeping tax reform bill – is now willing to study further changes to a separate mining royalty bill, Finance Minister Mario Marcel told reporters Tuesday.

Further moderation of the bill could help remove barriers to billions of dollars in investment in a country with the world’s largest copper reserves but where ore quality has fallen.

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