<SEC-DOCUMENT>0001144204-13-048576.txt : 20130830
<SEC-HEADER>0001144204-13-048576.hdr.sgml : 20130830
<ACCEPTANCE-DATETIME>20130829184243
ACCESSION NUMBER:		0001144204-13-048576
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20130829
FILED AS OF DATE:		20130830
DATE AS OF CHANGE:		20130829

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CHEMICAL & MINING CO OF CHILE INC
		CENTRAL INDEX KEY:			0000909037
		STANDARD INDUSTRIAL CLASSIFICATION:	MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			F3
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	033-65728
		FILM NUMBER:		131070332

	BUSINESS ADDRESS:	
		STREET 1:		EL TROVADOR 4285, 6TH FLOOR
		STREET 2:		LAS CONDES
		CITY:			SANTIAGO CHILE
		STATE:			F3
		ZIP:			00000
		BUSINESS PHONE:		5624252485
</SEC-HEADER>
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<DESCRIPTION>FORM 6-K
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">UNITED STATES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">SECURITIES AND EXCHANGE COMMISSION</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Washington, D.C. 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Form 6-K</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">REPORT OF FOREIGN PRIVATE ISSUER PURSUANT
TO RULE 13a-16 OR 15d-16 UNDER THE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">SECURITIES EXCHANGE ACT OF 1934</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">For the month of August, 2013.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Commission File Number 33-65728</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><U>CHEMICAL AND MINING COMPANY OF CHILE
INC.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">(Translation of registrant&rsquo;s name
into English)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><U>El Trovador 4285, Santiago, Chile (562)
2425-2000</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">(Address of principal executive office)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 74.75pt 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark whether the registrant files or will
file annual reports under cover of Form 20-F or Form 40-F.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Form 20-F: <FONT STYLE="font-family: Wingdings">&#120;</FONT>&nbsp;&nbsp;Form 40-F</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark if the registrant is submitting the Form
6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Note: Regulation S-T Rule 101(b)(1) only permits the submission
in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark if the registrant is submitting the Form
6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Note: Regulation S-T Rule 101(b)(7) only permits the submission
in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish
and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the
registrant&rsquo;s &ldquo;home country&rdquo;), or under the rules of the home country exchange on which the registrant&rsquo;s
securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed
to the registrant&rsquo;s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission
or other Commission filing on EDGAR.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Santiago, Chile. August 27, 2013.- </B>Sociedad
Qu&iacute;mica y Minera de Chile S.A. (SQM) (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A) ) informs that on August 29, 2013
it held its second quarter 2013 earnings conference call. The following items were discussed by executive management as part of
the conference call:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On Tuesday evening, we posted our results
for the first six months of 2013. Earnings for this period reached $259.2 million, a decrease from $342.2 million reported for
the same period last year. Revenues totaled US$1,189.9 million, a decrease of 1.9% compared to US$1,213.0 million reported during
the first half of last year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As you know, our results came in lower
for the first half of 2013 than for the first half of 2012. Generally speaking, fertilizer prices declined and volumes in our chemical
business lines decreased when compared to last year. We were partially able to offset lower fertilizer prices with increased volumes.
In respect to our chemical business lines, iodine prices were relatively stable, and we enjoyed higher lithium prices when compared
to the same period last year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Following the recent news in the potassium
market from <I>Uralkali, </I>which could impact world fertilizer prices, we remain optimistic about the world demand, and expect
it to increase in 2013 over 2012. Additionally, we still expect our sales volumes to be about 15-20% higher than sales volumes
seen in 2012.<STRIKE> </STRIKE></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">SPN volumes were higher during the first
half of the year, up 13% compared to the first half of last year. Prices were lower, when compared to the same period of 2012.
Although there is no significant direct competition between the potassium nitrate and the potassium chloride markets, therefore
lower prices of potash we expect will have a moderate, if any, impact in the price scenarios in the potassium nitrate markets this
year. We expect sales volumes in our SPN business line for the second half of 2013 to be higher than the ones reported during the
second half of last year, and we believe sales volumes will be about 50,000 tons higher in 2014 compared to 2013.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">With regards to the iodine business, I
would like to say that market demand remains strong, and we expect to see growth in 2013 when compared to last year. However, SQM
sales volumes in the first half of 2013 were lower than expected. These volume decreases resulted from a higher than expected increase
in supply coming from Chilean competitors. Most of these Chilean competitors are not publically traded, and we cannot speculate
about their future sales volumes. As always, we will continue to review our business strategy and keep our options open, focused
in maximizing shareholder value.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Regarding lithium, sales volumes were lower
than expected as a result of a higher than predicted increase in supply, mainly from competitors in China. We expect sales volumes
for 2013 to decrease around 10-15% compared to last year. As is the case in all our major businesses, we see growth in the world
lithium market, expecting market growth between 5-10% this year compared to last year. We have also seen prices for lithium carbonate
and the average prices for the lithium business line increase, and anticipate that this trend will continue during the remainder
of 2013.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In industrial chemicals, we saw increased
volumes during the first half of 2013 compared to 2012. This is mostly related to solar salt sales during the first half of this
year. We sold around 70,000 metric tons, and this is in line with our previous guidance for 2013. As anticipated, solar salt sales
for second half of 2013 will be negligible, resulting from delays in thermal energy-storage projects. We remain confident in the
long-term prospects in the solar salt market, but are not certain as to when we should expect a return to previous levels, but
are hopeful that we will see a return of demand in this market starting in 2015.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Costs for the company were higher during
the first half of 2013 when compared to the first half of 2012. The main drivers of these cost increases were related to the exchange
rate and increased labor costs. Most of these cost increases were realized during the second half of 2012, and since then costs
have been relatively stable. We are working in diminishing our costs, and are confident we will be successful in this task in a
timely manner. We will continue to focus on our unique commercial flexibility and operational synergies to ensure that costs remain
low and that we are maximizing our competitive advantages.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Finally, our capital expenditure estimate
for 2013 is US$400 million, down from previous estimates of US$500 million. This reduction in our estimate is related to a reduction
in our capital expenditures related to maintenance. SQM is finalizing its capital expenditures for 2014, but it is anticipated
that the amount will be significantly lower than the final amounts to be seen in 2013. We remain on target with our plans to increase
potassium chloride production to 2.3 million tons over the next eighteen months. We also will keep our plans to expand iodine and
lithium in the pipeline, and will move forward with them after careful review of market conditions and approval from the Board.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Apart from capital expenditures and opportunities
related to expansions, we have also signed various agreements with different companies who are engaging in exploration within our
mining assets in the north of Chile. Many of these agreements encompass a portion of northern Chile&rsquo;s Iron-oxide-copper-gold
belt, and could offer some diverse value in the future.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As mentioned before, we remain positive
that market growth in most of our major business lines &ndash; Potassium, Potassium nitrate, lithium and iodine &ndash; will see
increased demand in 2013 when compared to 2012. We will maintain our long-term management approach in all of our business lines,
and remain focused on maximizing margins and shareholder value.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>SIGNATURES </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="padding-right: 3.85pt; text-align: right"><U>CHEMICAL AND MINING COMPANY OF CHILE INC.</U></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right; width: 64%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 6%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 10%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 20%">&nbsp;(Registrant) </TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Date: August 29, 2013&nbsp;&nbsp;&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD></TD>
    <TD STYLE="text-align: right">By:</TD>
    <TD STYLE="text-align: right"><U>Ricardo Ramos R</U></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.85pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3.85pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3.85pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 3.85pt; text-align: right">&nbsp;(Signature) * </TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">* Print the name and title under the signature of the signing
officer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Persons who are to respond to the collection
of information contained SEC 1815 (04-09) in this form are not required to respond unless the form displays currently valid OMB
control number.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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