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PotashCorp Reportedly Looking to Increase Stake in Israel Chemical Ltd
Oct. 31, 2012 08:17AM PST
Critical MetalsCanadian Business reported that PotashCorp is in engaging in talks with Israeli government officials to increase its stake in Israel Chemical Ltd. In addition to a production capacity for six million tonnes of potash, it is also a large producer of bromine and magnesium.
Canadian Business reported that PotashCorp is in engaging in talks with Israeli government officials to increase its stake in Israel Chemical Ltd. In addition to a production capacity for six million tonnes of potash, it is also a large producer of bromine and magnesium.
As quoted in the market report:
It declined further comment but news reports say it could cost $13.5 billion for PotashCorp to increase its minority stake in Israel Chemical to 100 per cent.
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