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CHILEAN GIANT SQM GO-AHEAD ON INITIAL FUNDING FOR WA LITHIUM MINE-TO-REFINERY PROJECT

By John Feary

West Australian conglomerate Wesfarmers and Chile’s Sociedad Quimica y Minera have given their deferred final investment approval for ambitious vertically integrated lithium hydroxide development.

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Wesfarmers Resources

Exchange Code: 
ASX:WES
Website: 
http://www.wesfarmers.com.au

Division of the diversified Australian retail and industrial company Wesfarmers, divested its coal interests in 2018

Sociedad Química y Minera de Chile S.A. (SQM)

Exchange Code: 
NYSE:SQM, Santiago Stock Exchange:SQM-B, SQM-A
Website: 
http://www.sqm.com

Headquartered in Chile, the company produces specialty fertilizers, iodine and lithium as well as industrial chemicals

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