Since the 1990s, Latin American states have sought to attract large-scale foreign investment by implementing specific policies and regulatory regimes aimed at attracting investors from abroad. This trend has, however, recently seen a reversal, and many Latin American countries, such as Mexico, Colombia, and Peru, have watered down their investor-friendly policies, specifically as concerns their natural resources. Chile, by and large, has not been at the forefront of this Latin American trend, but recent changes to its Mining Law imposing new taxes on large mining companies involved in copper production raise concerns.
This White Paper, which is available in English and in
Spanish, provides an overview of the history of Chile's Mining
Tax Reform and recently adopted Mining Royalty Law, examines how
these legislative changes may potentially affect large mining
operators, and discusses how foreign investors might mitigate their
legal and political risk in Chile through strategic investment
planning and the assessment of potential international law
remedies. We conclude with some observations and practical
considerations for foreign investors addressing how to protect
their existing or future investments in Chile.
Read this White Paper in English.
Lea este White Paper en español.
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