In 2023, the proposed royalties’ bill, expected to increase taxes on the industry, entered discussion in the Senate, where recent announcements have confirmed that the bill will be reduced. Under political pressure from the government, the mining industry and the country at large have repeatedly demonstrated that the country does not seek transformational change, while the government has begun to show a new understanding of the importance of mining to the Chilean economy.
Opportunities for the industry abound. After multi-year delays in the announcement of an official lithium framework that prevented investment in the Chile’s lithium industry, the government has signaled the official release of a regulatory framework. This will open the industry to a flood of investment, enabling Chile to be a world leader in the energy transition.
