Chilean regulators scrap lithium miner SQM’s environmental plan

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SANTIAGO Chilean regulators have rejected lithium producer SQM’s $25 million environmental compliance plan for the Atacama salt flat, requesting the miner to start out once more from scratch, a submitting confirmed.

Chile’s Environmental Superintendent (SMA) accepted SQM’s compliance plan early in 2019 after a multi-year investigation discovered SQM had overdrawn lithium-rich brine from the salt flat.

But the regulator mentioned in a submitting dated Thursday that it will start the method anew to adjust to a call of a regional environmental courtroom in December which invalidated SQM´s plan, calling it “insufficient”.

Both SQM and the regulator have since appealed that call to Chile´s Supreme Court, however the decrease tribunal menti oned environmental regulators should adjust to its order even because the Supreme Court ponders a possible reversal.

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SQM didn’t instantly reply to a request for remark.

The course of doesn’t instantly impact SQM´s capability to function on the flat however is more likely to show one more headache for the miner, which is looking for to develop its operations at Atacama.

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The area provides about one quarter of the worldwide provide of lithium, a key ingredient within the batteries that energy cellphones and electrical autos.

Disclaimer: This submit has been auto-published from an company feed with none modifications to the textual content and has not been reviewed by an editor


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