Mining Weekly reported that ICL (TLV:ICL) is challenging the Israeli government's royalties plan. As quoted in the Mining Weekly report:
Articles Tagged "ICL"
Bloomberg reported that former BHP takeover target, ICL is blaming Israeli government policies for driving away foreign investment.
CNBC reported that although ICL announced first quarter profits that beat analyst estimates, the weakness in potash prices is creating a new level of concern.
Globe reported that ICL paid the Israeli government NIS 400 million in potash royalties in 2012. As quoted in the Globe report: Israel Chemicals transfers NIS 1.5 billion as the government’s take, in the form of direct taxes, royalties, and the dividends tax, amounting to 41% of the company’s profits in Israel,” said Israel Chemicals [...]
The Globe and Mail reported that PotashCorp has elected to abandon its six-month long quest to for Israel's ICL, amid growing political pressure from the Israeli government.
The Globe and Mail reported that there is a certain irony for PotashCorp, who is currently battling with the government of Israel for their proposed takeover of ICL, in that the very economic force that is creating difficulty for them now was what helped to block BHP's takeover of them in 2010, when the Canadian government decided that the move was not to Canada's economic benefit.
Bloomberg reported that the stock price for ICL climbed to a month-long high on news that a sale to PotashCorp is becoming more likely with the new Israeli government coalition.
Bloomberg reported that PotashCorp is insisting that their proposed takeover of ICL is still in the works.
The Financial Post reported that PotashCorp's proposed takeover of ICL is coming under heavy fire from the Israeli parliament
Bloomberg reported that ICL workers who oppose the pending takeover by PotashCorp are planning a strike. As quoted in the market report: