Resumen de No let-up for SQM as CORFO pursues lithium lease case
The Chilean economic development agency Corporacion de Fomento de la Produccion (CORFO) issued a statement at the end of June, saying it has proof that miner Sociedad Quimica y Minera (SQM) failed to fulfil its obligations under a lease to extract lithium from land owned by CORFO in the Salar de Atacama.
According to a report by Chilean news service emol, CORFO's executive vice president, Eduardo Bitran, published an announcement stating that the agency had "abundant and undeniable evidence that SQM has systematically sold production of potassium and lithium carbonate at prices below the market, affecting [CORFO]".
In its latest response to the Chilean government body, SQM said that it would "continue to cooperate with CORFO and the arbitrator in order to resolve the current dispute", and restated its willingness to continue to collaborate with CORFO over the Atacama leases.
