On 12 September 2018, four deputies presented a bill or motion that sought to implement a mining royalty for the mining exploitation of copper and lithium in Chile. The royalty would be different from the Specific Mining Tax in force in the country. According to the proposed bill, the need for this ‘new’ royalty is due mainly to the poor participation of the Specific Mining Tax in Chile’s gross domestic product in contrast with the large profits for those in the mining industry.
Chile has been identified as a global power in terms of green hydrogen production, mainly due to the competitive advantage of low-cost renewable energy production, such as solar and wind energy, as well as due to its small area, which facilitates and reduces the costs in terms of infrastructure and the transportation of energy from source.
Foreign, and sometimes even national companies, have had the need to access more information regarding the legal and regulatory aspects of waste management existing in Chile. Likewise, many times an in-depth analysis of the regulatory situation is necessary to understand the key aspects before investing in Chile.
As the energy, mining and infrastructure industry in Latin America looks ahead to the new year, we present the Latin America EMI Hot Topics Guides for 2021 to facilitate discussions about the key trends we see in each sector. We invite you to read the guides to learn more about…