ICL Signs MOU to Establish Phosphate Operation in Namibia

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         ICL TEL AVIV, Israel, December 7, 2015 /PRNewswire/ --

Joint venture with Leviev Group would build a large-scale maritime mining and phosphate downstream manufacturing business  

ICL aims to secure competitively-priced phosphate deposits for future decades to strengthen its global specialty phosphates business 

JV is another step in ICL's strategy to diversify its sources of phosphate raw materials in order to build its specialty phosphate business in the Americas and Africa 

Follows ICL's recent strategic steps, including the formation of a phosphate JV with China's leading phosphate company Yunnan Yuntianhua (YTH) 

 

This could be the first commercial maritime exploration of phosphate in the world.

This phosphate should be high in chlorides and organics, eventually "similar" the peruvian Bayóvar phosphate nowadays being used to produce phosphoric acid in Brazil (Cubatão), México (Coatzacoalcos) and US (Uncle Sam).