Israel Chemicals reportedly near accord with Allana on potash mine in Ethiopia

27.01.2014                      26.Schwat.5774

Wirtschaft:

Israel Chemicals reportedly near accord with Allana on potash mine in Ethiopia

Partnership with Canadian firm would help reduce ICL’s dependence on the Dead Sea, amid talk of raising Israeli royalty fees.

Israel Chemicals is close to signing a deal to help Canada’s Allana Potash Corp. to develop a potash mine in Ethiopia, Bloomberg News has reported. Allana has a permit from the Ethiopian government to extract the mineral, which is widely used in fertilizer, from a site in the country’s northeastern Danakil Depression….