Insight: Israel seeks early re-tender of mining rights to shore up Dead Sea [Reuters]
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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
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ICL
News
- Israel Corp. Reports Results for Fourth Quarter of 2023PR Newswire
- ICL Files 2023 Annual Report on Form 20-FBusiness Wire
- ICL Group Ltd (NYSE: ICL) had its price target raised by analysts at Barclays PLC from $4.00 to $4.50. They now have an "underweight" rating on the stock.MarketBeat
- ICL Accelerating Biologicals Portfolio Growth in Brazil with Strategic AcquisitionBusiness Wire
- ICL Reports Fourth Quarter and Full Year 2023 ResultsBusiness Wire
ICL
Earnings
- 2/28/24 - Beat
ICL
Sec Filings
- 3/14/24 - Form 20-F
- 3/13/24 - Form 6-K
- 2/28/24 - Form 6-K
- ICL's page on the SEC website