Dead Sea Operations of Israel Chemicals may be nationalised following licence expiry
Dead Sea Operations of Israel Chemicals may be nationalised upon the expiry of the mining licence for Israel Chemicals, according to a report in Ha'aretz. The report quoted Qusaii Assi, the coordinator of a team led by Yoel Naveh, the Chief Economist at the Ministry of Finance examining options, as saying that all alternatives, including nationalisation are being considered. Recommendations of the committee are going to be finalised by June, Assi added. The licence will expire in 2030, and there are concerns that the resource is under threat.
The report quoted Miki Rosenthal, Israeli MP, as criticising the slow pace, and disorganisation regarding the Dead Sea, and saying that Israel Chemicals alreeady has another licence for a power plant in the region until 2037, and the company has first refusal rights, which complicates things for the Dead Sea Operations.
Link to the original source.
The report quoted Miki Rosenthal, Israeli MP, as criticising the slow pace, and disorganisation regarding the Dead Sea, and saying that Israel Chemicals alreeady has another licence for a power plant in the region until 2037, and the company has first refusal rights, which complicates things for the Dead Sea Operations.
Link to the original source.