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Stock impact report

Insight: Israel seeks early re-tender of mining rights to shore up Dead Sea [Reuters]

ICL Group Ltd. Ordinary Shares (ICL) 
Last icl group ltd. ordinary shares earnings: 2/13 02:00 am Check Earnings Report
US:NYSE Investor Relations: icl-group.com/investors/presentations
Company Research Source: Reuters
Insight: Israel seeks early re-tender of mining rights to shore up Dead Sea | Reuters 7 Min Read EIN BOKEK, Israel (Reuters) - The Dead Sea is shrinking at the rate of about a meter a year, leaving behind deserted beaches and sinkholes in a slow-motion environmental disaster. The main culprit is the drying up of the Jordan river, its main tributary, as communities upstream draw on it for farming and drinking. But mineral extraction makes the crisis worse - of the 700-800 million cubic meters of water lost each year, 250-350 million cubic meters is due to mining, Israel estimates. Up to now, the Israeli government has rarely intervened in the operations of the biggest extractor: the Dead Sea Works, formerly state-owned and now operated under a 70-year concession by Israel Chemicals (ICL). That is about to change. Israel wants to re-tender the Dead Sea mining concession as much as eight years ahead of schedule, in 2022. It is motivated not only by environmental concerns but also by worr Show less Read more
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