chile mining news andmentary mining

How the extraction of lithium in Chile is tearing communities …

In northern Chile, lithium mining is booming. The metal is used for batteries in everything from cell phones to electric cars, and it's crucial for the transition away from …

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Chile minister clarifies controversial new lithium strategy

The Chilean state has always played a major role in the mining industry. A 1979 law declared lithium to be a strategic resource, stipulating that its development was the exclusive prerogative of ...

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Chile's mining development corporation has a new boss

Chile's President Sebastián Piñera announced this week the appointment of Robert Mayne-Nicholls as the new Vice President of the National Mining Company, known for its initials in Spanish Enami.

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Chile: Congress approves bill on new mining royalty

A tax applicable on the mining margin; The new provisions set a limit or total potential tax burden for mining activity, according to which the total effective taxation on the mining industry (including the first category tax, final taxes, and mining royalty) cannot exceed of 46.5% of the taxable adjusted mining operational income (TAMOI).

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Chile's mining industry — a vanguard in climate change …

Expertise kindled in the mining industry can be used to drive change. Cummins Chile collaborates with the Nature Conservancy Chile on a project for water …

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Does upside outweigh risk in copper rich Chile?

In July 2022, Chile's finance minister, Mario Marcel, introduced a tax reform bill that raised copper mining royalties on companies that produce more than 50,000 tonnes a year.

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New projects take mining investment in Chile by 2029 to …

On Wednesday, the Mining Ministry and the Chilean Copper Commission (COCHILCO) released a report on "Investment in the Chilean mining Industry - Portfolio of Projects, 2020-2029". It identifies five new projects which, together with adjustments to other initiatives, point to a total investment in the sector of US$74,047 million.

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Chile green-lights mining tax reform to boost …

Legislators in Chile's lower house of Congress on Wednesday gave final approval for a much-anticipated mining tax reform. It now requires just the signature of the country's President Gabriel Boric …

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Global Business Reports

As the climate crisis deepens, Chile finds itself at a pivotal moment in its mining history. Enjoying a long reign as the world's top producer of copper, Chile is also …

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Chile greenlights mining tax reform that boosts government …

Item 1 of 3 The Codelco El Teniente copper mine, the world's largest underground copper mine is shown near Rancagua, Chile August 13, 2020. Picture taken through a window.

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Chile: Congress approves bill on new mining royalty

The Chilean Congress on 17 May 2023 approved the mining royalty bill, which will become law in Chile following its enactment and publication in the official …

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Chile a step closer to nationalizing copper and …

Chile, the world's largest copper producer and host to the two biggest lithium miners, is rewriting its Constitution to replace a market-centric one that dates back to the military dictatorship...

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More than 50 firms want in on new lithium-mining model in Chile

More than 50 firms from around the world have expressed interest in participating in Chile's new public-private model, with a roadshow held in Germany and France last month and another planned ...

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Nascent recovery in Chilean copper mining is spluttering

October's export revenue from copper fell 6.7% from September and 8.8% from a year ago, according to central bank data released Tuesday. While the month-on-month decline can be explained by ...

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Chile president praises Codelco, SQM lithium deal ensuring …

SANTIAGO, Dec 27 – Chile's President Gabriel Boric hailed the formation of a new government-controlled lithium partnership that fuses assets of state-run Codelco with private miner SQM, as the ...

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Saudi Arabia to visit Brazil and Chile as seeks to diversify mining

Saudi Arabia's mining minister will visit Brazil and Chile over the coming two weeks, the ministry said on Sunday, as the world's leading oil exporter seeks to expand its international ...

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Chile launches probe into deadly mining accidents at Anglo …

The country's mining and geology service over the weekend announced the deaths – all on Saturday – of two workers at Anglo American's Los Bronces copper mine some 40 miles (64 km) from the ...

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Chile | New mining royalty is approved and ready to …

Tax News Update Email this document Print this document . May 30, 2023 2023-0956. Chile | New mining royalty is approved and ready to become law. A new mining royalty in Chile considers an ad-valorem component (1%) and an operating margin component (8%-26% for big mining companies), according to their level of sales and …

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Chile's New Mining Royalty Tax Lacks Clarity That Investors …

A new law on taxing mining royalties in Chile fails to offer the clear guidance that businesses use to determine whether they should invest in Chilean mining projects, say Diego Garcia and Juan Francisco Gutiérrez of CMS Carey & Allende.

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Chile's miners ready to absorb higher domestic royalties

Mining companies operating in Chile, the world's top copper producer, are well positioned to absorb higher domestic royalties required by a new law enacted by the …

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Lundin copper miners accept new offer, ending Chile strike

Lundin Mining Corp. workers in Chile accepted a new wage proposal in voting Saturday, spelling the end of an almost two-week strike that had disrupted production. About 90% of members of one of ...

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Chile's mining sector needs 34,000 professionals by 2032

The mining industry in Chile, the world's top copper producer and second-largest lithium producer, will need more than 34,000 new workers by 2032, according to a study released this week.

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Chile to launch public consultation on tailings …

Mining Minister Aurora Williams announced that, in July 2024, Chile will launch a public consultation to modify Supreme Decree No. 248, which regulates tailings deposit design, construction ...

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Gold Fields eyes Chile expansion as new $1bn mine starts up

The Salares Norte project, which had been held back by Covid-19 and severe weather, is expected produce its first 1,000 ounces next month and 400,000-430,000 ounces in 2024, the Johannesburg-based ...

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Mineral rush: How Chile's mega mines are critical …

By Ed Conway, economics & data editor, in Chile. The inconvenient truth about climate change is that solving it will involve digging, blasting and leaching more minerals and metals from the skin ...

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Chile mining body says new lithium projects needed beyond …

The head of one of Chile's top mining associations on Tuesday urged the government to speed up efforts to expand the lithium industry without waiting to hammer …

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Understanding The Recent Changes In Chile's Mining Laws

Changes to Chile's mining legal framework over the past four decades have been rare and modest. However, February 2022 marked a significant turn with the enactment of Law No. 21,420 (the "Law"), which contains the most important amendments to the Mining Code (the "Code") since it was enacted in 1983.More information about …

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Antofagasta launches desalination plant for Los Pelambres …

Chilean miner Antofagasta Minerals on Thursday inaugurated a more than $2 billion desalination plant for its flagship copper mine in Chile, Los Pelambres, aimed at relieving the effects of severe ...

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Gold Fields delays start of $1bn Chile gold project again

South African Miner Gold Fields has delayed the start of first gold production at its Salares Norte project in Chile again, citing delays in pre-commissioning and commissioning activities.. First production is now expected to begin by April, the company said in a press statement, adding that production volumes for 2024 have been revised …

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Chinchillas throw new wrench in Gold Fields' Chile plans

Gold Fields (JSE: GFI)(NYSE: GFI) may see its $1 billion Salares Norte mine in northern Chile affected again after the country's environmental watchdog (SMA) said there was no certainty the ...

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