The Israeli government has proposed new regulations for Dead Sea mineral extraction, including deducting more cash for the state from operating profits and imposing stricter laws on the company. The franchise, currently held by ICL Group, contributes a significant portion of the company's operating profits. The proposals include reducing allocated land, increasing the government's share of operating profits, charging for water usage, and removing exemptions from certain laws. The government aims to balance economic production with the preservation of the Dead Sea's environment.
image sourced from original article at https://www.timesofisrael.com/liveblog_entry/state-proposes-taking-more-cash-imposing-stricter-regulations-for-dead-sea-mineral-extraction/
Original article source: https://www.timesofisrael.com/liveblog_entry/state-proposes-taking-more-cash-imposing-stricter-regulations-for-dead-sea-mineral-extraction/
Source Id: 2024-09-486792606