ICL Group Ltd., Tel Aviv, said the Israeli Court has approved the settlement agreement between its subsidiary Rotem Amfert Israel Ltd. and the Israeli Nature and Parks Authority, as well as all other defendants, related to a massive leak and partial collapse of a dyke in a phosphate evaporation pond at Rotem’s fertilizer plant in Mishor Rotem in southern Israel in 2017.
The collapse caused extensive damage and contamination to the Ashalim Creek Bed and its surrounding area.
Under the settlement deal agreed between the parties last December, Rotem will pay the public and the class groups NIS115 million (approximately $30.9 million at current exchange rates), including the legal and other expenses (GM Dec. 16, 2022).
The approval of the settlement by the Israeli Court will conclude the proceedings between the parties, ICL said.