SQM denies royalty dodging allegations and comes under nuclear fire

By Laura Syrett
Published: Friday, 11 March 2016

The Chilean industrial mineral producer has hit back at press reports stating that it received favourable treatment under the national mining royalties law, noting that the issue has not been raised once since the legislation was modified in 2010. Separately, the company stands accused of dodging its obligations to have its lithium exports authorised by Chile’s Nuclear Energy Commission.

Chilean miner Sociedad Quimica y Minera SA (SQM) has denied that it received any favourable treatment respecting royalty payments.

In a statement released late yesterday, the lithium, potash and iodine producer referred to reports published by various Chilean media outlets containing allegations that SQM had used its influence to persuade politicians to...

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