SQM invests in Elemental’s potash mine

By Yoke Wong
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...

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