January 17, 2018 / 8:47 PM / a year ago

Chile's Corfo, SQM strike deal in lithium dispute

SANTIAGO, Jan 17 (Reuters) - Chilean development agency Corfo said on Wednesday that it had struck a deal with lithium company SQM, putting an end to a long-running dispute over royalties in Chile's Salar de Atacama, home to one of the world's richest lithium deposits.

SQM and Corfo had been embroiled in a bitter, high-stakes arbitration over royalties since May 2014. Chilean authorities had accused SQM of underpaying royalties and violating environmental regulations at lithium deposits leased from the government. (Reporting by Felipe Iturrieta; Writing by Dave Sherwood; Editing by Lisa Shumaker)

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