UNITED STATES OF AMERICA
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 6-K

                            REPORT OF FOREIGN ISSUER
                        PURSUANT TO RULE 13A-16 OR 15D-16
                   OF THE SECURITIES AND EXCHANGE ACT OF 1934

        Includes the free translation of an information sent by Sociedad
 Quimica y Minera de Chile S.A. to the Superintendencia de Valores y Seguros de
                           Chile on August 16, 2004.

                     SOCIEDAD QUIMICA Y MINERA DE CHILE S.A.
                     ---------------------------------------
             (Exact name of registrant as specified in its charter)

                    CHEMICAL AND MINING COMPANY OF CHILE INC.
                    -----------------------------------------
                 (Translation of registrant's name into English)

                El Trovador 4285, Santiago, Chile (562) 425-2000
                ------------------------------------------------
            (Address and phone number of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.

         Form 20-F   X                            Form 40-F
                    ---                                     ---

Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

       Yes                        No   X
           ---                        ---

If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b):
82___________



                                       SQM
                     SOCIEDAD QUIMICA Y MINERA DE CHILE S.A.

                                                       Santiago, August 16, 2004

Mr.
Alejandro Ferreiro Y.
Superintendent
Securities and Insurance Superintendence
Avda. Libertador Bernardo O'Higgins 1449
Santiago


Dear Mr. Superintendent.

      We hereby inform you that Sociedad Quimica y Minera de Chile S.A.
transferred during August 13, 2004, 653,748,837 shares of Inmobiliaria San
Patricio S.A. ("ISP") to Blue Circle South American Holdings S.A. Said
653,748,837 shares represent, approximately, 14% of ISP shares.

      We inform you the above in accordance with Article 12 of Law number
18.045.

      Yours truly,





                     SOCIEDAD QUIMICA Y MINERA DE CHILE S.A.


                         Conf: /S/ PATRICIO CONTESSE G.
                             ------------------------------
                                 PATRICIO CONTESSE G.
                              CHIEF EXECUTIVE OFFICER



Cc:      Santiago Stock Exchange
         Brokers Stock Exchange
         Electronic Stock Exchange
         New York Stock Exchange
         Securities and Exchange Commission
         The Bank of New York







                                   SIGNATURES

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.


                     SOCIEDAD QUIMICA Y MINERA DE CHILE S.A.



                           Conf: /s/ Ricardo Ramos R.
                                ---------------------
                                   Ricardo Ramos R.
                               Chief Financial Officer




                              Date: August 17, 2004