Israel’s Knesset Finance Committee will likely agree to a three-year extension of ICL’s Rotem Amfert’s phosphate concession in the Negev, according to a report in the Globes. The paper cited a recent payment by ICL of some NIS 23.6 million (US$7.6 million) in recently-assessed back royalties.
The extension had been on hold while the royalties were being calculated. In the past, ICL has indicated that the concession only has reserves for another three years, according to the paper.