CAPITAL MARKETS

Barrick choruses Peru royalty warning

PERU'S plans to introduce a royalty payment system on the sales value of all minerals produced is starting to generate warnings that the country may be taxing itself out of business.

Tim Treadgold
Barrick choruses Peru royalty warning

The chief executive of Barrick Gold, Greg Wilkins, told Reuters that the proposed royalty system of between 1% and 3% on revenue from mining would “undoubtedly have a negative effect on current job levels...

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