Tax stability agreements made between mining companies and the government of Chile are designed to be non-negotiable and are expected to be respected if proposed changes to the country's royalty system are made, the chief executive officer of Teck Resources said.
Chile's Senate will this week discuss a proposal recently approved in its lower house to introduce a controversial mining royalty bill that could see sales of copper taxed at an effective rate of more than 32%, Don Lindsay noted."We trust the Chilean institutions - the stability agreements were offered on a transparent and uniform basis under Chilean law and therefore are theoretically not negotiable," he...