PotashCorp. representatives resign from SQM as Chilean company’s shares drop by 30%

By James Sean Dickson
Published: Thursday, 19 March 2015

All three of PotashCorp.’s representatives on SQM’s board have resigned from SQM, putting momentum behind the share price battering observed throughout Wednesday. Media attention on the Chilean miner’s high-profile scandals has been intense, particularly following the firing of quarter-of-a-century serving CEO, Patricio Contesse.

Potash Corp. of Saskatchewan (PotashCorp.)’s three representatives resigned from Chile’s Socieded Quimica y Minera de Chile SA (SQM) on Wednesday, citing a lack of confidence in SQM to conduct investigations into alleged impropriety in its business dealings.

SQM shares dropped in value by up to 30% on Wednesday, before...

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