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  "documentTitle": "Antofagasta | Results Presentation Deck | 38 slides",
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  "presentationDate": "2023-08-01 00:00:00",
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      "text": "Image: Photo courtesy of the Chilean Senate",
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      "text": "MINING ROYALTY\nIn May 2023, both Chile's Senate and lower house of Congress passed the proposed mining royalty, with Presidential approval expected shortly.\nNew 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.\nPresidential approval granted in August 2023, with royalty to come into effect January 2024.\nCentinela and Antucoya have tax stability agreements, therefore the new royalty rates will only apply from 2030.",
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      "text": "CONSTITUTIONAL REFORM PROCESS\nMembers of the Constitutional Council elected in May 2023.\nFinal draft of revised constitution expected in Q4 2023, ahead of national referendum on 17 December 2023.",
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