Phosphate rock reserves in Israel and in ICL GroupIsrael
Phosphate rock reserve:
60 million tons
https://pubs.usgs.gov/periodicals/mcs2023/mcs2023-phosphate.pdf ICL Group Ltd, 2022 Annual Report
https://d18rn0p25nwr6d.cloudfront.net/CIK-0000941221/048a7ab4-d574-4bad-8a2b-665cab6b80c7.pdf “We mine phosphate rock from phosphate deposits in the Negev desert in accordance with a mining concession from the State of Israel, which is valid until the end of
2024….ICL Rotem has been mining phosphates in the Negev in Israel for more than
sixty years….
Our existing phosphate mines in the Negev desert hold limited reserves of phosphate rock designated for phosphoric acid production….According to the Company's assessment, the estimated useful life of Rotem's phosphate rock reserves in its existing mining areas is
limited to a few years…
Current annual potential production capacity is as follows: approximately
3.9 million tonnes of phosphate rock…
there is no certainty as to the success of receiving such approvals and permits, nor is there certainty regarding future phosphate rock resources and/or by what date they will be received. Failure to obtain them, or a significant delay in obtaining them, can lead to a material impact on the Company's business, financial position and results of operations….”
“In January 2021 and in July 2021, we completed the acquisitions of Agro Fertilqua Participaes S.A., one of Brazil's leading specialty plant nutrition companies, and the South American Plant Nutrition business of Compass Minerals Amrica do Sul S.A”