ICL announces Haifa Chemicals arbitration decision
Published by Angharad Lock,
Digital Assistant Editor
World Fertilizer,
According to the Examiner's decision, the Proven Price for the years 2012 and 2013 will be US$171/t and US$158/t.
ICL Group has announced its decision respecting the arbitration proceeding held between the subsidiary Dead Sea Works Ltd (DSW) and Haifa Chemicals Ltd. A decision was rendered by the Examiner in regards to the potash price limit based on DSW's costs for the years 2012 and 2013.
According to the Examiner's decision, the Proven Price for the years 2012 and 2013 will be US$171/t and US$158/t.
Based on its contentions, the Company estimates that it will not incur in significant costs or receive significant amounts in respect of the past period (2009–2014).
Read the article online at: https://www.worldfertilizer.com/potash/10072016/icl-announces-haifa-chemicals-arbitration-decision/
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