SQM’s regulatory problems have re-emerged as Chile’s Environmental Superintendent (SMA) withdrew from the legal actions at the country’s supreme court to defend SQM’s $25 million environmental compliance plan, in order to pursue a for a more comprehensive initiative.
The SMA had initially accepted SQM’s plan in December 2019 but this was blocked by the regional First Environmental Court of Antofagasta. In response the SMA had announced plans to defend SQM’s compliance plan in the country’s supreme court. However, the SMA’s latest decision sees it renege on its previous stance, forcing SQM . . .