Resumen de Corfo, SQM deal brings end to dispute over salt flats expansion
Resolution of royalties dispute means that SQM can expand output of LCE at Chilean salt flatsThe dispute between Chilean economic development agency Corfo and Sociedad de Quimica y Minera (SQM) over the Salar of Atacama in Chile has concluded with a “satisfactory agreement,” Corfo vice president Eduardo Bitran said in a press conference last month in Santiago, Chile. The preferential price will be based on the lowest export market price, equal to the weighted average fob price from the lowest 20% of prices secured between SQM and several buyers during the preceding six months. Codelco, Salar de Maricunga Corfo and SQM also agreed to form a joint project with a state-owned company for the joint exploration of mining property in the Salar de Maricunga, another salt flat in the Atacama region of Chile.
