Cabinet approves Dead Sea royalties deal

02.01.2012                      07.Tewet. 5772

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Cabinet approves Dead Sea royalties deal

Environmental union says the agreement is a severe blow to the public interest.

Amid heavy criticism from environmental activists, the government on Sunday approved the agreement reached last week between the Finance Ministry and Israel Chemicals, which stipulates the division of costs toward a full salt harvest of the Dead Sea’s southern portion.
Under the agreement, Israel Chemicals unit Works will contribute NIS 3.04 billion – 80 percent of the total cost of the project….