The Unexplained Codelco – SQM Agreement

"The Unexplained Codelco – SQM Agreement"

Codelco has not provided any calculations explaining the fundamentals of its negotiation, stated the Progresa Foundation in a document where they called for the temporary suspension of the contracts announced for March. They urged a more detailed analysis of the agreement. The Progresa Foundation released a document titled "The Unexplainable Codelco - SQM Agreement," expressing its position on the deal between the state-owned company and Soquimich for lithium exploitation in northern Chile.

The document, authored by its president, economist Camilo Lagos Miranda, former coordinator of the Executive Secretariat of the National Lithium Commission convened in 2014 by then-President Michelle Bachelet, analyzes and questions Codelco's motivation for signing the agreement. It seems that the current authorities prioritized short-term results over an analysis of the long-term benefits of the business," Lagos noted.

The Progresa Foundation's document also addresses the current legal situation faced by SQM. "It is noteworthy that the authorities promoted and celebrated an agreement with a company currently in a legal dispute for not paying specific mining taxes since 2020," the text points out.

Considering these concerns and more, the Progresa Foundation expressed that "given the magnitude of the business in the Salar de Atacama, it would be prudent to temporarily suspend the signing of contracts announced for March. A more detailed analysis of the agreement is necessary, understanding Codelco's calculations justifying the association with SQM on such advantageous terms, and transparently evaluating whether it is indeed the best deal."

 

camyensqmempresas de litio que cotizan en bolsa argentinaempresa de litio en argentina