CHILE LAWYER: ROYALTY BILL UNLIKELY TO PROSPER TODAY, BUT PROBABLE IN MID-TERM High copper prices have intensified the discussion as to whether to make Chile's mining royalty laws more aggressive. Days after the finance commission in Chile’s lower house gave a negative vote, the house plenary went on to approve a 2018 bill proposing changes to the mining tax introduced in … [Read more...] about CHILE LAWYER: ROYALTY BILL UNLIKELY TO PROSPER TODAY, BUT PROBABLE IN MID-TERM
Austral Gold has decided to outsource its underground mine operation at its 100% owned Amancaya mine and certain maintenance activities at its Guanaco processing plant, effective January 2021. Austral is in final negotiations with contractors that will bring new technologies and skills that the Company expects will increase the efficiency and stability of its operations. The … [Read more...] about Austral Gold outsources operations in Amancaya and Guanaco
Through its wholly-owned subsidiary Minera Til Til, the company completed the acquisition of the mining concessions comprising the gold-copper Pimentón project from Minera Tamidak. Pimentón was previously owned by another Cerro Grande subsidiary, Pimento, that declared bankruptcy on 2016 and was subsequently bought by Tamidak. With this reacquisition, Cerro Grande regains … [Read more...] about Cerro Grande regains control of Pimentón
Latin Metals Inc. signed an offer letter with Patagonia Gold Corp. which sets out the proposed commercial terms of a definitive option agreement whereby Patagonia will be provided with the option to acquire the Company’s interest in the Mina Angela project. To exercise the Option in full, Patagonia will be required to make payments to Latin Metals in the aggregate amount of US$ … [Read more...] about Latin Metals and Patagonia Gold Agree Terms for Acquisition of Mina Angela Project, Chubut Province
Are all drilling programs in Chile tax-exempt? No. But the details of the Official Notice published by the Internal Revenue Service at the beginning of August opens the door for this incentive to expand in the future. It is not a general public policy, but it could be the first step in that direction. An introduction to the issueCESCO published a report in 2016 entitled … [Read more...] about Tax-free exploration?