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Economy & Business - August 2011 (ISSN 1741-7430)
MINING: Mining companies agree new royalty system
On 16 August mining companies and the Peruvian government said that they had agreed a new royalty system. The new system is more what the companies wanted than the government did. In the new system, the government will charge royalties on operating profits, rather than easier-to-monitor sales. Currently, mining companies in Peru pay royalties of between 1% and 3% on their sales. The new royalty figure has yet to be published.
- Counter-cyclical policies
- MEXICO: Slowing down
- BRAZIL: Different times, different policies
- ARGENTINA: Cristina looks set for re-election
- CHILE: Inflation to fall but growth to hold up
- PARAGUAY: More than OK
- URUGUAY: Still booming
- BOLIVIA: Ins and outs in the cement market
- COLOMBIA: Going steady
- ECUADOR: A bullish budget
- PERU: A good start
- VENEZUELA: Shedding some light on the Fonden
- COSTA RICA: Lowering rates
- CUBA: Government claims tourism picking up
- DOMINICAN REPUBLIC: Election temperature rises
- EL SALVADOR: Stumbling
- GUATEMALA: Tax collection up, but budget slashed
- HONDURAS: Problems ahead
- NICARAGUA: Coffee exports up
- PANAMA: Decent first half
- OIL: Mexico allows private sector back into oil production
- MINING: Mining companies agree new royalty system
- AGRIBUSINESS: Mozambique courts Brazilians
- VEHICLES: The contrast between Brazil and Mexico
- DEBT: Argentina imposes order on credit rating agencies