Chilean regulators scrap lithium miner SQM’s environmental plan

Chilean regulators have rejected lithium producer SQM’s $25 million environmental compliance plan for the Atacama salt flat, requesting the miner to start again from scratch, a filing showed. Chile’s Environmental Superintendent (SMA) initially approved SQM’s compliance plan early in 2019 after a multi-year investigation found the miner had overdrawn lithium-rich brine from the salt flat. However, the regulator said that it would begin the process anew to comply with a decision of a regional environmental court in December which invalidated SQM’s plan, calling it “insufficient.”

Source: Financial Post