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Lunes, 08 Octubre 2018 19:00

Mining News No. 2 - 2018

  1. 22% Income Tax for the mining sector if an investment contract is signed before the end of 2018. It is brought to the attention of mining companies that this benefit can be obtained if an investment contract is signed until December 29, 2018.
  2. Elimination of the windfall tax and modification of the calculation of mining royalties.
  3. Ministry of Mining allows drilling in the initial exploration period.
  4. Provincial court of Azuay decided on the Río Blanco case.
  5. Reform of the rules for authorization of underground working hours.
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