What’s renewable energy? Hydropower, solar, wind, and ocean energy are used as sources and are considered inexhaustible on a human scale.Energy from biomass, geothermal energy, and biofuels are also recognized as renewable, depending on how they are used. (*1) Renewable Energy in Chile According to an official announcement from the Chilean government, the country has […]
According to the regular report of economy (September 2023) published by the embassy of Japan in Chile, the latest situation of the country can be summarized as below.: A local newspaper reported a new discovery of metallic lithium deposit derived from a paleo volcano in the United States (on the border between Nevada and Oregon), […]
According to the regular report of economy (August 2023) and the regular report of politics (August 2023) published by the embassy of Japan in Chile, the latest situation of the country can be summarized as below.: ①Lithium Recently, the Chilean government is promoting the establishment of state-owned lithium company (strengthening public-private collaboration), but a local […]
①Mining In August, the Chilean Senate Mining Committee, after hearing from companies developing lithium projects worth more than USD 3 billion in the country, proposed a reform plan that would recognize lithium rights and allow private companies to develop lithium. Also, in the same month, Chile’s Ministry of Mines published an official gazette stating that […]
According to the Chilean economics report (June 2023) issued by the embassy of Japan in Chile, the latest situation in the country can be summarized as below: ①Economics The economic activity index in May recorded -2.0%. In the mining section recorded -7.5%.The mining production index in the same month was -9.2%, and copper production decreased […]
According to the Chilean economics report and the Chilean politics report of May 2023 issued by the embassy of Japan in Chile, the latest situation in the country can be summarized as below: Politics According to the Chilean ministries of finance and mines, parliament has approved a bill of mining royality, which will take effect […]
-What’s the mining royality? The mining royality is a series of special tax laws for large mining companies, that aims to promote economic development, fair and efficient collection of tax while increasing local resources by setting the maximum potential tax burden.Under these tax laws, the tax rate fluctuates depending on the sales and profits of […]
According to the regular report of economy April 2023 published by the Embassy of Japan in Chile, the latest situation in Chile can be summarized as below: Politics Chilean president Boric revealed the national strategy of lithium, and he explained “While guaranteeing their medium-to-long term sustainability, through a participatory process, we are planning to submit […]
