- Both Peru and the US had proposed, recently, to raise royalties on mining projects in their respective countries.
- In Peru, a new prime minister has clarified the administration's priorities as being away from the constitutional redraft this would require.
- In the US, Senator Joe Manchin has announced the royalties will not be included in the Senate's version of the reconciliation infrastructure bill.
- Given the evenly-split Senate and his position on the committee overseeing mining, this is likely the end of the road for new mining royalties in the US for now.
For further details see:
Good News For Mining Investors: United States And Peru Move Away From Royalty Payment Changes