https://www.miningweekly.com

TAINTED LITHIUM

3rd April 2015

By: Martin Creamer

Creamer Media Editor

  

Font size: - +

The glistening brine pools of this large lithium mining operation in the Atacama desert of northern Chile belie the storm that is rocking Chilean mining company Soc Quimica Y Minera de Chile (SQM) for allegedly syphoning off SQM funds to a right-wing party linked to the disgraced 1973-to-1990 Augusto Pinochet dictatorship. Three executives of Canada’s Potash Corporation, which owns 32% of SQM – a lithium, iodine and plant nutrient producer – have quit the board of the Santiago-based and New York-listed SQM over the initial reluctance of the company’s controlling top brass to cooperate with the Chilean prosecutors probing a senatorial election campaign that is linked to an eventual deputy mining Ministerial position plus a currently-under-way corruption trial. The alleged $10-million in irregular payments was reportedly made between 2009 and 2014.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

ZF Aftermarket
ZF Aftermarket

ZF Aftermarket is the after-sales division of the world-renowned German ZF group, a global leader in mobility technology.

VISIT SHOWROOM 
Vikela Aluvin (Pty) Ltd
Vikela Aluvin (Pty) Ltd

Complete range of security sealing solutions including security seals bags and labels.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.039 0.77s - 110pq - 2rq
Subscribe Now