"<Safehatbour>, we were aware of that (the copy of the legislation) when it first came out and downloaded it from a government web site on Tuesday. While it specifies 70%, it is on non-renewable resources (which could include mining) but mining is not mentioned specifically. It applies to companies that have contracts with the government (only applies to oil companies at this point). We think that the proposed 70% windfall profit tax may apply only to oil & gas and are working to get government confirmation on that. We don’t think that the government has reached a final structure on mining yet. Also, this is a draft bill and may be edited before it goes to vote later this month."
If this does not apply to mining, Soto has a lot to account for.
I also agree that this is a draft, and there is time to alter.
safeharbour
