Mining Magazine August 2017 | Page 26

TOP 10

02 SQM

Sociedad Química y Minera de Chile ( SQM ), an open traded stock company , has shown steady gains since January 2016 and appears to be a lithiumproducing riser . The outfit enjoyed stock value highs in the fall of 2012 , but bottomed out in July 2015 . During this low point , the company came under scrutiny for bribery and tax evasion allegations and sustained friction with Chile ’ s Corfo over lease agreements in Salar de Atacama . After banding with Lithium Americas to undertake the Argentinian Cauchari-Olaroz lithium project in 2016 , SQM ’ s portfolio began trending upward . Planning to drop $ 100m into the project this year , an uptick from 6,000 to 13,500 metric tonnes annually is expected .
26 August 2017