[MEDIA] [ATTACH] Hernández says the grade of copper in Chile has...

Hernández says the grade of copper in Chile has fallen from 1% during 2004 to 0.67% during 2019. Against such a background, he says a clear legal framework is imperative in order to attract investment. “The legal framework has become more important than before,” he says. “If your grade is average, your payback is longer and you will need more confidence in the legal framework of the country.”

At the same time, copper miners in Chile could face higher taxes as the current government seeks to fund a post-COVID economic recovery.

If the tax plan goes ahead, the tax on large producers will increase from 3% to 10%, and up to 100% of additional income when copper metal prices hit US$4.50/lb.

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These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.