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Chile considers changes to mining royalty bill

Chile has opened the door to further modifications to proposed tax increases on copper producers, which could ease concerns that threaten to hold back investment in the industry.

The government - which suffered a major setback last week with the rejection of a sweeping tax reform bill - is now willing to study further changes to a separate mining royalty bill, Finance Minister Mario Marcel told reporters Tuesday.

Further moderation of the bill could help remove barriers to billions of dollars in investment in a country with the world's largest copper reserves but where ore quality has fallen.

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