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Wednesday, 05/17/2023 6:08:41 PM

Wednesday, May 17, 2023 6:08:41 PM

Post# of 1498
Chamber_of Deputies_approves 46.5%_Royalty-Tax max-cap on Big_miners
https://www-latercera-com.translate.goog/pulso/noticia/camara-aprueba-proyecto-que-establece-el-royalty-a-la-gran-mineria-del-cobre-e-iniciativa-queda-lista-para-ser-ley/6BU7AR6QVVDFVLKIUG7EJFK43Q/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
Full article below.

Well, this only took 4 years to get through Congress. Mommy's Boy Gabby Boric will definitely sign this legislation into law probably by Friday... it will be his only congressional win in 14 months.

The Doctor
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Chamber approves project that establishes the royalty for large-scale copper mining and the initiative is ready to become law
by Victor Guillou

Although there was some uncertainty about the approval of the funds that distribute resources to communes and regions, finally all the amendments introduced by the Senate were endorsed.

In a euphoric session, marked by angry interventions from both the opposition and the ruling party, this Wednesday the Chamber of Deputies approved the project that creates a royalty for large-scale copper mining. Although there was some uncertainty regarding the approval of the articles that create three funds for US$450 million, and that distribute resources to different communes and regions of the country, finally all the amendments introduced by the Senate were endorsed by the legislative body. With this, the project was ready to be promulgated.

Specifically, the initiative had 101 votes in favor, 24 against and 3 abstentions.
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