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Related party disclosures | 12 Months Ended
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Dec. 31, 2023
Disclosure of transactions between related parties [abstract] |
Related party disclosures | Related party disclosures 11.1 Related party disclosures Balances pending at period-end are not guaranteed, accrue no interest and are settled in cash, no guarantees have been delivered or received for trade and other receivables due from related parties or trade and other payables due to related parties. 11.2 Relationships between the parent and the entity Pursuant to Article 99 of Law of the Securities Market Law, the CMF may determine that a company does not have a controlling entity in accordance with the distribution and dispersion of its ownership. On November 30, 2018, the CMF issued the ordinary letter No. 32,131 whereby it determined that Pampa Group, do not exert decisive power over the management of the Company since it does not have a predominance in the ownership that allows it to make management decisions. Therefore, the CMF has determined not to consider Pampa Group as the controlling entity of the Company and that the Company does not have a controlling entity given its current ownership structure. 11.3 Detailed identification of related parties and subsidiaries As of December 31, 2023 and 2022, the detail of entities that are identified as subsidiaries or related parties of the SQM Group is as follows:
Tax ID No |  | Name |  | Country of origin |  | Functional currency |  | Nature
Foreign |  | Nitratos Naturais Do Chile Ltda. |  | Brazil |  | Dollar |  | Subsidiary
Foreign |  | SQM North America Corp. |  | United States |  | Dollar |  | Subsidiary
Foreign |  | SQM Europe N.V. (4) |  | Belgium |  | Dollar |  | Subsidiary
Foreign |  | Soquimich European Holding B.V. |  | Netherlands |  | Dollar |  | Subsidiary
Foreign |  | SQM Corporation N.V. |  | Curacao |  | Dollar |  | Subsidiary
Foreign |  | SQM Comercial De México S.A. de C.V. |  | Mexico |  | Dollar |  | Subsidiary
Foreign |  | North American Trading Company |  | United States |  | Dollar |  | Subsidiary
Foreign |  | Administración y Servicios Santiago S.A. de C.V. |  | Mexico |  | Dollar |  | Subsidiary
Foreign |  | SQM Perú S.A. (2) |  | Peru |  | Dollar |  | Subsidiary
Foreign |  | SQM Ecuador S.A. |  | Ecuador |  | Dollar |  | Subsidiary
Foreign |  | SQM Nitratos Mexico S.A. de C.V. |  | Mexico |  | Dollar |  | Subsidiary
Foreign |  | SQMC Holding Corporation L.L.P. |  | United States |  | Dollar |  | Subsidiary
Foreign |  | SQM Investment Corporation N.V. |  | Curacao |  | Dollar |  | Subsidiary
Foreign |  | SQM Brasil Limitada |  | Brazil |  | Dollar |  | Subsidiary
Foreign |  | SQM France S.A. |  | France |  | Dollar |  | Subsidiary
Foreign |  | SQM Japan Co. Ltd. |  | Japan |  | Dollar |  | Subsidiary
Foreign |  | Royal Seed Trading Corporation A.V.V. |  | Aruba |  | Dollar |  | Subsidiary
Foreign |  | SQM Oceania Pty Limited |  | Australia |  | Dollar |  | Subsidiary
Foreign |  | Rs Agro-Chemical Trading Corporation A.V.V. |  | Aruba |  | Dollar |  | Subsidiary
Foreign |  | SQM Indonesia S.A. |  | Indonesia |  | Dollar |  | Subsidiary
Foreign |  | SQM Virginia L.L.C. |  | United States |  | Dollar |  | Subsidiary
Foreign |  | Comercial Caimán Internacional S.A. (3) |  | Panama |  | Dollar |  | Subsidiary
Foreign |  | SQM África Pty. Ltd. |  | South Africa |  | Dollar |  | Subsidiary
Foreign |  | SQM Colombia SAS |  | Colombia |  | Dollar |  | Subsidiary
Foreign |  | SQM Internacional N.V. |  | Belgium |  | Dollar |  | Subsidiary
Foreign |  | SQM -Shanghai Chemicals Co. Ltd. |  | China |  | Dollar |  | Subsidiary
Foreign |  | SQM Lithium Specialties LLC |  | United States |  | Dollar |  | Subsidiary
Foreign |  | SQM Iberian S.A. |  | Spain |  | Dollar |  | Subsidiary
Foreign |  | SQM Beijing Commercial Co. Ltd. |  | China |  | Dollar |  | Subsidiary
Foreign |  | SQM Thailand Limited |  | Thailand |  | Dollar |  | Subsidiary
Foreign |  | SQM Australia PTY |  | Australia |  | Dollar |  | Subsidiary
Tax ID No |  | Name |  | Country of origin |  | Functional currency |  | Nature
Foreign |  | SQM Holland B.V. |  | Netherlands |  | Dollar |  | Subsidiary
Foreign |  | SQM Korea LLC |  | Korea |  | Dollar |  | Subsidiary
96.801.610-5 |  | Comercial Hydro S.A. |  | Chile |  | Dollar |  | Subsidiary
96.651.060-9 |  | SQM Potasio S.A. |  | Chile |  | Dollar |  | Subsidiary
96.592.190-7 |  | SQM Nitratos S.A. |  | Chile |  | Dollar |  | Subsidiary
96.592.180-K |  | Ajay SQM Chile S.A. |  | Chile |  | Dollar |  | Subsidiary
79.947.100-0 |  | SQM Industrial S.A. |  | Chile |  | Dollar |  | Subsidiary
79.906.120-1 |  | Isapre Norte Grande Ltda. |  | Chile |  | Peso |  | Subsidiary
79.876.080-7 |  | Almacenes y Depósitos Ltda. |  | Chile |  | Peso |  | Subsidiary
79.770.780-5 |  | Servicios Integrales de Tránsitos y Transferencias S.A. |  | Chile |  | Dollar |  | Subsidiary
79.768.170-9 |  | Soquimich Comercial S.A. |  | Chile |  | Dollar |  | Subsidiary
79.626.800-K |  | SQM Salar S.A. |  | Chile |  | Dollar |  | Subsidiary
76.534.490-5 |  | Sociedad Prestadora de Servicios de Salud Cruz del Norte S.A. |  | Chile |  | Peso |  | Subsidiary
76.425.380-9 |  | Exploraciones Mineras S.A. |  | Chile |  | Dollar |  | Subsidiary
76.064.419-6 |  | Comercial Agrorama Ltda. |  | Chile |  | Peso |  | Subsidiary
76.145.229-0 |  | Agrorama S.A. |  | Chile |  | Peso |  | Subsidiary
76.359.919-1 |  | Orcoma Estudios SPA |  | Chile |  | Dollar |  | Subsidiary
76.360.575-2 |  | Orcoma SPA |  | Chile |  | Dollar |  | Subsidiary
76.686.311-9 |  | SQM MaG SpA |  | Chile |  | Dollar |  | Subsidiary
77.114.779-8 |  | Sociedad Contractual Minera Bufalo |  | Chile |  | Dollar |  | Subsidiary
Foreign |  | Ajay North America |  | United States |  | Dollar |  | Associate
Foreign |  | Abu Dhabi Fertilizer Industries WWL |  | United Arab Emirates |  | Arab Emirates dirham |  | Associate
Foreign |  | Ajay Europe SARL |  | France |  | Euro |  | Associate
Foreign |  | Electronic era Technologies Inc. |  | United States |  | Dollar |  | Associate
Foreign |  | Altilium Metals Ltd. |  | United Kingdom |  | Pound Sterling |  | Associate
Foreign |  | SAS Adionics |  | France |  | Euro |  | Associate
Foreign |  | Pirra Lithium Pty Ltd. |  | Australia |  | Australian Dollar |  | Associate
Foreign |  | SQM Vitas Fzco. |  | United Arab Emirates |  | Arab Emirates dirham |  | Joint venture
Foreign |  | Covalent Lithium Pty Ltd. |  | Australia |  | Dollar |  | Joint venture
Foreign |  | Pavoni & C, SPA |  | Italy |  | Euro |  | Joint venture
96.511.530-7 |  | Sociedad de Inversiones Pampa Calichera |  | Chile |  | Dollar |  | Other related parties
96.529.340-K |  | Norte Grande S.A. |  | Chile |  | Peso |  | Other related parties
Foreign |  | SQM Vitas Brasil Agroindustria (6) |  | Brazil |  | Brazilian real |  | Other related parties
Foreign |  | SQM Vitas Perú S.A.C. (1) |  | Peru |  | Dollar |  | Other related parties
_______________________________________________ (1)These Companies are subsidiaries of the joint venture SQM Vitas Fzco. (2)This Company was liquidated in December 2022. (3)This Company was liquidated in March 2023. (4)On July 1, 2023, SQM Europe N.V. absorbed SQM International N.V. (5)This new company was incorporated on December 11, 2023. (6)This company was sold on December 19, 2023. The following other related parties correspond to mining contractual corporations.
Tax ID No. |  | Name |  | Country of origin |  | Functional currency |  | Relationship
N/A |  | Sociedad Contractual Minera Pampa Unión |  | Chile |  | Peso |  | Other related parties
Below is a list of transactions with clients and suppliers with whom a relationship with key Company personnel was identified:
Tax ID No |  | Name |  | Country of origin |  | Nature
90.193.000-7 |  | El Mercurio S.A.P. |  | Chile |  | Other related parties
92.580.000-7 |  | Empresa Nacional de Telecomunicaciones S.A. |  | Chile |  | Other related parties
96.806.980-2 |  | Entel PCS Telecomunicaciones S.A. |  | Chile |  | Other related parties
97.004.000-5 |  | Banco de Chile |  | Chile |  | Other related parties
99.012.000-5 |  | Compañía de Seguros de Vida Consorcio Nacional |  | Chile |  | Other related parties
65.614.340-1 |  | Corporación Endeavor Chile |  | Chile |  | Other related parties
82.135.600-8 |  | Instituto Chileno administración empresas |  | Chile |  | Other related parties
96.532.830-0 |  | Sociedad Inversiones Oro Blanco S.A. |  | Chile |  | Other related parties
11.4 Detail of related parties and related party transactions Transactions between the Company and its subsidiaries, associated businesses, joint ventures and other related parties are part of the Company’s common transactions. Their conditions are those customary for this type of transactions in respect of terms and market prices. Maturity terms for each case vary by virtue of the transaction giving rise to them. For the year ended December 31, 2023, 2022 and 2021, the detail of significant transactions with related parties is as follows
Tax ID No |  | Name |  | Nature |  | Country of origin |  | Transaction |  | For the year ended December 31, 2023 |  | For the year ended December 31, 2022 |  | For the year ended December 31, 2021
|  |  |  |  |  |  |  |  |  | ThUS$ |  | ThUS$ |  | ThUS$
Foreign |  | Ajay Europe S.A.R.L. |  | Associate |  | France |  | Sale of products |  | 45,314 |  |  | 45,205 |  |  | 35,597 |
Foreign |  | Ajay Europe S.A.R.L. |  | Associate |  | France |  | Dividends |  | 4,682 |  |  | 1,778 |  |  | 992 |
Foreign |  | Ajay North America LL.C. |  | Associate |  | United States |  | Sale of products |  | 30,791 |  |  | 41,814 |  |  | 27,763 |
Foreign |  | Ajay North America LL.C. |  | Associate |  | United States |  | Dividends |  | 4,013 |  |  | 1,576 |  |  | 1,233 |
Foreign |  | Abu Dhabi Fertilizer Industries WWL |  | Associate |  | United Arab Emirates |  | Dividends |  | 633 |  |  | 3,000 |  |  | 9,438 |
Foreign |  | SQM Vitas Brasil Agroindustria |  | Other related parties |  | Brazil |  | Sale of products |  | 9,019 |  |  | 51,748 |  |  | 79,086 |
Foreign |  | SQM Vitas Perú S.A.C. |  | Other related parties |  | Perú |  | Sale of products |  | 17,312 |  |  | 58,077 |  |  | 17,016 |
Foreign |  | Coromandel SQM India |  | Joint venture |  | India |  | Sale of products |  | — |  |  | — |  |  | 1,814 |
Foreign |  | Pavoni & CPA |  | Joint venture |  | Italy |  | Sale of products |  | 5,541 |  |  | 4,138 |  |  | 5,359 |
Chile |  | Banco de Chile |  | Other related parties |  | Chile |  | Service Provider |  | (32,418) |  |  | (27,918) |  |  | (20,904) |
Chile |  | El Mercurio S.A.P. |  | Other related parties |  | Chile |  | Service Provider |  | (1,038) |  |  | (90) |  |  | (131) |
Chile |  | Compañía de Seguros de Vida Consorcio Nacional |  | Other related parties |  | Chile |  | Service Provider |  | (33) |  |  | (31) |  |  | (134) |
Chile |  | Entel PCS Telecomunicaciones S.A. |  | Other related parties |  | Chile |  | Service Provider |  | (182) |  |  | (228) |  |  | (157) |
Chile |  | Gonzalo Guerrero Yamamoto |  | Other related parties |  | Chile |  | Service Provider |  | — |  |  | (19) |  |  | (79) |
Chile |  | Empresa Nacional de Telecomunicaciones |  | Other related parties |  | Chile |  | Service Provider |  | (3,485) |  |  | (1,746) |  |  | (2,393) |
Chile |  | Instituto Chileno administración empresas |  | Other related parties |  | Chile |  | Service Provider |  | (134) |  |  | (46) |  |  | — |
Chile |  | Fundación para el desarrollo social |  | Other related parties |  | Chile |  | Service Provider |  | — |  |  | (7) |  |  | — |
Chile |  | Corporación Endeavor Chile |  | Other related parties |  | Chile |  | Service Provider |  | (101) |  |  | — |  |  | — |
11.5 Trade receivables due from related parties, current:
Tax ID No |  | Name |  | Nature |  | Country of origin |  | Currency |  | As of December 31, 2023 |  | As of December 31, 2022
|  |  |  |  |  |  |  |  |  | ThUS$ |  | ThUS$
Foreign |  | Ajay Europe S.A. R.L. |  | Associate |  | France |  | Euro |  | 8,932 |  |  | 7,967 |
Foreign |  | Ajay North America LLC. |  | Associate |  | United States of America |  | Dollar |  | 4,393 |  |  | 8,354 |
96.511.530-7 |  | Soc. de Inversiones Pampa Calichera |  | Other related parties |  | Chile |  | Dollar |  | 5 |  |  | 5 |
Foreign |  | SQM Vitas Brasil Agroindustria |  | Other related parties |  | Brazil |  | Dollar |  | — |  |  | 32,054 |
Foreign |  | SQM Vitas Perú S.A.C. |  | Other related parties |  | Peru |  | Dollar |  | 27,115 |  |  | 31,081 |
Foreign |  | SQM Vitas Fzco. |  | Joint venture |  | United Arab Emirates |  | United Arab Emirates Dirham |  | 232 |  |  | 232 |
Foreign |  | Pavoni & C SpA |  | Joint venture |  | Italy |  | Euro |  | 2,576 |  |  | 888 |
Foreign |  | Covalent Lithium Pty Ltd. |  | Joint venture |  | Australia |  | Australian dollar |  | — |  |  | 1,041 |
Total |  |  |  |  |  |  |  |  |  | 43,253 |  |  | 81,622 |
As of December 31, 2023 and 2022, receivables are net of provision for ThUS$ 800 and ThUS$ 1,378, respectively. 11.6 Other disclosures:
Tax ID No |  | Name |  | Nature |  | Country of origin |  | Currency |  | As of December 31, 2023 |  | As of December 31, 2022
|  |  |  |  |  |  |  |  |  | ThUS$ |  | ThUS$
Foreign |  | Covalent Lithium Pty Ltd. |  | Joint venture |  | Australia |  | Australian dollar |  | 2,346 |  |  | — |
Total |  |  |  |  |  |  |  |  |  | 2,346 |  |  | — |
11.7 Other disclosures: Note 6 describes the remuneration of the board of directors, administration and key management personnel.

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