Mining Weekly reported that ICL (TLV:ICL) is challenging the Israeli government's royalties plan. As quoted in the Mining Weekly report:
Articles Tagged "Israel Chemicals Ltd."
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 [...]
Recent contract renewals have given potash markets positive cues for a stronger than expected 2012. Long-term investment into potash infrastructure will help keep markets well supplied.