Antofagasta Results Presentation Deck
MINING ROYALTY
In May 2023, both Chile's Senate and lower house of
Congress passed the proposed mining royalty, with
Presidential approval expected shortly.
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Current fiscal events in Chile
New mining royalty approved
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Centinela and Antucoya have tax stability agreements,
therefore the new royalty rates will only apply from 2030.
CONSTITUTIONAL REFORM PROCESS
Members of the Constitutional Council elected in May 2023.
Final draft of revised constitution expected in Q4 2023,
ahead of national referendum on 17 December 2023.
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New royalty comprises a 1% ad valorem royalty and royalty
on operating profits, with a provision that total taxation
should not exceed 46.5% of profitability.
Presidential approval granted in August 2023, with royalty to
come into effect January 2024.
Image: Photo courtesy of the Chilean Senate
Antofagasta plc | 2023 Half Year Results
ANTOFAGASTA PLC
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