The Chilean Copper Commission (Cochilco) projects a total of $9.440 billion in investments for 2021, of which about $6 billion correspond to private mining projects. $7.934 billion will be allocated to copper projects, a figure that more than duplicates the $3.735 billion allocated to the same objective last year. Investments in gold, iron and other minerals will total $1.506 billion.
Codelco announced that the Environmental Assessment Commission of the Antofagasta Region favourably rated the Environmental Impact Statement (EIS), that extends to 2030, the useful life of the hydrometallurgy and sulphide mining line of the Radomiro Tomic division. The project will involve an investment of more than $882 million and the generation of more than 2,000 jobs.
Antofagasta raised its dividend almost threefold after reporting a 12% increase in annual earnings thanks to a recovery in copper prices. The Chilean miner said it had maintained its copper production during 2020 despite the onset of the pandemic in March. It declared a dividend of 54.7 cents a share - 100% of underlying earnings for the year.
The Netherlands and Chile signed a convention for the elimination of double taxation with respect to taxes on income, capital, and the prevention of tax evasion and avoidance. The Treaty contains clauses to prevent tax avoidance and the payment of double taxation. Currently, there is no official date as to when the Treaty will enter into force, but it will be after parliamentary ratification and the exchange of ratification instruments between the contracting states.
HUMBL Inc. and Aurea Group Ventures announced the signing of a Securities Purchase Agreement for the purchase by Aurea Group of HUMBL common stock and the country rights to Chile for a purchase price of up to $7.5 million. Aurea Group agreed to purchase 437,500 shares of HUMBL common stock for $1 million. In addition, Aurea Group also received the right to purchase 1,562,000 additional shares of HUMBL common stock and a 35% equity interest in a Chilean subsidiary HUMBL intends to form to conduct its operations in Chile for $6.5 million.