SQM - an over reaction?, page-6

The twitter feed from CORFO's Bitran is a fascinating read - contains all sorts of gems (Translations courtesy of Bing)

@EduardoBitran on agreement Corfo-SQM "MCS would expand its annual production at least to 216 thousand tonnes to 2025 and would generate additional resources for the State, the region and the community for $8300 m between 2018 and 2030"

@carolinagoic @Corfo @GobiernodeChile SQM has a contract up to 2030, Aylwin and FRY Governments. We demand the anticipated term of the contract. Referee gave only 17 m. managed to get julio Ponce de control, capture revenue by 8 thousand dollars mill; 25% book production for national added value.

VPE #Corfo #EduardoBitran in @FuturoPSP of @futurofm of Corfo - SQM agreement "No Ponce Lerou, until the second generation, may be director or Executive of SQM there are penal responsibilities that forbid it"

@joeheimg @MHforest64 @jsgumucio @Corfo @mbachelet If price rises from us$ 10 to 30 thousand per ton income rises from us$ 2300 to $13800 per ton. If price triples income goes up 6 times. We collect most of the income. In addition tax income 27% and 44% dividends.

It is a deal, but hardly on the friendliest of terms. Let's see if SQM rush in to massive expansion mode when the state clearly see themselves collecting most of the upside, and are not ashamed to brag about it.