Chile government says it will reach deal with copper producers before key mining tax vote
Mining News Pro - Chile’s government is confident it can smooth out differences with the country’s largest mining companies before a key vote in congress this week on a new mining royalty bill.
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Peru lowers 2022 growth forecast and abandons mining tax hike plan
Mining News Pro - Peru on Thursday lowered the country’s economic growth forecast to 3.3% this year, the finance minister said, and officially abandoned a plan to hike taxes on the mining industry amid falling metal prices, high inflation and slowing growth.
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Peru sees 60% increase in mining tax revenues
Mining News Pro - The Peruvian Ministry of Energy and Mines (MINEM) issued a report stating that regional and local governments saw an aggregate 60% increase in mining tax revenues in 2021.
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Peru’s government asks Congress for permission to hike mining taxes
Mining News Pro - Peru’s leftist government on Wednesday asked Congress for authorization to overhaul the country’s tax code with a focus on raising taxes on the mining sector, funds the administration wants to use on social programs.
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Lawmakers introduce long-anticipated mining tax bill in final days of session, with industry, progressives on board
With a little more than 48 hours left before the session must end, lawmakers are introducing a bill that would implement a new tax on the mining industry and a host of other provisions that are part of an apparent session-ending deal expected to prevent proposed constitutional amendments on mining from heading to the ballot.
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Mining tax reaches record highs in Australia
Mining News Pro - Australia’s minerals industry paid record taxes and royalties to federal, state and territory governments in 2019/20, a new report by the Minerals Council of Australia (MCA) has found.
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World’s top miner warns against Chile’s mining tax
Mining News Pro - The world’s top miner BHP said a proposed royalty on copper and lithium sales being discussed by lawmakers in Chile risks making international miners wary of investing in new projects or expanding existing mines to meet growing demand for both metals.
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National Treasury postpones proposed mining tax amendments
Mining News Pro - The National Treasury has agreed to postpone the proposed amendments to the 2020 Draft Taxation Laws Amendment Bill (TLAB) and the 2020 Draft Tax Administration Laws Amendment Bill (TALAB), to allow for more investigation and detailed consultation with the mining industry and related stakeholders before any changes to the legislation are made, law firm ENSafrica reports.
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Putin orders review of Russian coal mining tax
Mining News Pro - Russian President Vladimir Putin has asked the government to review a mineral extraction tax for the Russian coal industry by Oct. 31, instructions published by the Kremlin showed on Saturday.
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