SGML On 22 July, Sigma Lithium announced that it was negotiating a Conduct Adjustment Agreement, or TAC, with the government of Minas Gerais
SGML On 22 July, Sigma Lithium announced that it was negotiating a Conduct Adjustment Agreement, or TAC, with the government of Minas Gerais, Brazil, in response to a regulatory notice issued by the regional environmental authority, SUPRAM Jequitinhonha. The related fines total approximately US$540,000 and partly concern environmental matters dating from 2013 to 2022. Sigma has denied allegations including inaccurate regulatory disclosures, commercial sales before the relevant authorisation period, and adverse impacts on residences outside the licensed area. However, the company has agreed to use the TAC process to define corrective measures and expects to invest approximately US$1M to restore certain activities that have been partially and temporarily suspended by inspectors. Sigma also stated that second-quarter production exceeded its previous target.
SGML On 22 July, Sigma Lithium announced that it was negotiating a Conduct Adjustment Agreement, or TAC, with the government of Minas Gerais, Brazil, in response to a regulatory notice issued by the regional environmental authority, SUPRAM Jequitinhonha.
The related fines total approximately US$540,000 and partly concern environmental matters dating from 2013 to 2022.
Sigma has denied allegations including inaccurate regulatory disclosures, commercial sales before the relevant authorisation period, and adverse impacts on residences outside the licensed area.
However, the company has agreed to use the TAC process to define corrective measures and expects to invest approximately US$1M to restore certain activities that have been partially and temporarily suspended by inspectors.
Sigma also stated that second-quarter production exceeded its previous target.