new act and mining charter, BHP will be mandated to restructure an eventual 26% percent of the ownership rights in the mining properties and offer these disadvantaged South Africans. Governments have the ability to increase taxes which can adversely affect operations. Chile introduced a new 5% mining tax “royalty” which applies to operating taxable income from mining. BHP owns and operates the Escondida cooper mine in Chile, which the company states is the largest source of cooper in the world. The…
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