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Chilean miners to pay more royalties to help rebuilding the country
The largest mining companies operating in Chile accepted the government's proposal to temporarily pay higher royalties to raise more than US$ 1 billion to help rebuilding cities and infrastructure devastated at last year's earthquake. The miners will pay between 4% and 9% more through 2014 for copper, gold and other minerals, the Mining and Energy and Finance ministries said Wednesday.
"The level of participation has been higher than what was initially estimated, and this is tremendously positive," Mining and Energy Minister Laurence Golborne said, highlighting the additional payments are voluntary, since the 2005 royalty law has a clause barring changes before 2017. Still, companies responsible for 94% of Chile's annual production have agreed to the increase, the ministries said.
Publicado em: 19/1/2011 20:11:00
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20/5/2013 14:10:35 
