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(Bloomberg) A proposal to tax Chilean copper sales at rates of as high as 75% is reverberating all the way to Peru, where the leading presidential candidate wants to impose a similar measure.Pedro Castillo, who has vowed to nationalize a major gas field and capture more mineral profits to fund social spending, just added a tax on copper sales to his platform in a document he shared on Twitter late Sunday.The left-wing candidate, who retains a slim lead over his rival ahead of a runoff election, joins a list of politicians from copper-mining nations looking to gain a bigger share of record-high prices to fight poverty. In top producer Chile, the lower house of congress earlier this month passed a system of progressive taxes on copper sales in what could become one of the heaviest levies in global mining.“Let us note that the Chilean Chamber of Deputies has already approved a new royalty whose rate reaches 75% if it exceeds $4 a pound, as is the case today,” Castillo

Eileen gavinVerisk maplecroftPedro castilloChilean chamberFreeport mcmoran incFree peruTopper salesIning industryTax proposalsMining companiesஐலீந் கவின்பேடரோ காஸ்டிலோசிலியன் அறைஃப்ரீபோர்ட் மக்மோரான் இன்க்இலவசம் பெரு