7. faenas mineras tiene SQM en las regiones de Tarapacá y Antofagasta. Chilean regulators have rejected lithium producer SQM's $25 million environmental compliance plan for the Atacama salt flat, requesting the miner to start again from scratch, a filing showed. Cuando las cifras pueden contar una historia. During the previous bull market cycle in lithium, SQM more than tripled from its lows. SQM is another major producer of lithium and accounts for 13% of global production. SQM, the world´s No. “We believe that prices will be lower during the second half of the year compared to the prices observed in the first half of the year, although sales volumes should be higher,” Ramos said. SQM last week lost a key legal battle, forcing it back to the drawing board on an environmental compliance plan to make amends for over-pumping lithium-rich … Its Chile operations continued to churn out the white metal even as the coronavirus pandemic hits its peak in the South American nation, the company said. “We hope and we´re sure that we´re going to obtain all the necessary approvals of the new plan in the coming months,” Ramos said. SQM is strongly committed to sustainable development. Production was in line with an annual rate of 70,000 tonnes, the company said, allowing it to build higher levels of inventory ahead of an expected demand boom. SQM said it sold more than 12,600 tonnes of lithium in April through June, up 45% from the first three months of the year. SQM last week lost a key legal battle, forcing it back to the drawing board on an environmental compliance plan to make amends for over-pumping lithium-rich brine from the Atacama salt flat. Total revenue for the company, also a specialty fertilizer producer, fell 7.2% to $458.5 million in the quarter. Net income, however, plunged 27.6% year-on-year to $50.8 million, dragged down by prices, which SQM said fell 45% in the first six months of 2020 versus the previous year. It also produces several other commodities including iodine and potassium nitrate. Supply swamped demand earlier this year, undercutting prices and hammering the earnings of top lithium producers. 2 lithium producer, said on Friday it “regrets” a ruling by a Chilean environmental court that it should be prosecuted over excessive… SANTIAGO (Reuters) - Chilean regulators have rejected lithium producer SQM’s $25 million environmental compliance plan for the Atacama salt flat, requesting the miner to start again from scratch, a filing showed. Lithium accounts for 26% of its revenue and the majority of revenue growth. Consequently, the Company carries out its operations in harmony with the environment, ensuring that natural resources and inputs are used in a sustainable manner and minimizing the possible impacts of our production processes. Sociedad Quimica y Minera de Chile, commonly known as SQM, is a Chilean-based chemical company that gets 43% of its gross profit from lithium…
The previous iteration required three years of work to garner approval from regulators and had a price tag of $25 million. Chile’s Environmental Superintendent (SMA) approved SQM’s compliance plan early in 2019 after a multi-year investigation found the miner had overdrawn lithium-rich brine from the salt flat.
Reporting by Dave Sherwood and Fabian Cambero; Editing by David Holmes and Marguerita ChoyFILE PHOTO: An aerial view shows the brine pools of SQM lithium mine on the Atacama salt flat in the Atacama desert of northern Chile, January 10, 2013. Trabajadores de SQM apoyarán a más de 13 mil personas a través de Fondo de Comedores Sociales. The process does not immediately effect SQM´s ability to operate on the flat but is likely to prove yet another headache for the miner, which is seeking to expand its operations at Atacama.
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