SQM invests in Elemental’s potash mine
Published: Friday, 02 September 2016
Chilean producer SQM will be investing in Australia-based junior miner Elemental Minerals Ltd in exchange for 17% stake of the company and offtake rights to 20% of its annual potash output.
Chilean miner Sociedad Quimica y Minera SA (SQM) will be
investing $20m in Australia-based junior potash producer
Elemental Minerals Ltd for a 17% stake of the company, SQM said
on 1 September.As part of the deal, SQM, a producer of lithium,
iodine, potash and phosphate, will...