China's Tianqi to appeal Chile ruling on Codelco lithium deal
SANTIAGO, July 27 (Reuters) -Chinese lithium miner Tianqi has appealed a ruling by Chilean financial regulator CMF that shareholder approval is not needed to go ahead with a major tie-up set to boost state control over the country's lithium sector, it said in a statement on Saturday.
Tianqi has repeatedly called for the planned partnership between state miner Codelco [RIC:RIC:COBRE.UL] and SQM SQMA.SN, the world's No. 2 lithium producer, to be put to a shareholders' vote. Tianqi owns about a fifth of SQM.
Reporting by Daina Beth Solomon and Sarah Morland; Editing by Daniel Wallis
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