Sociedad Quimica y Minera de Chile (SQM) sale of a majority stake in its Atacama salt flat mine to Codelco got preliminary clearance from Chile's competition agency, Codelco said Thursday.
The corporation is working to finalize the agreement during the second half of the year, Codelco added.
Codelco said the deal is already approved by competition authorities in Brazil, South Korea, Japan, Saudi Arabia and the European Union, with only China's approval remaining.
SQM did not immediately respond to MT Newswires' request for comment.
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