Israel's New Mineral Extraction Law: Fairer Shares & Environmental Protection

Israels new draft law aims to boost state revenue from Dead Sea mineral extraction, redefine concession terms, and prioritize environmental preservation. The ICL Group, which has held exclusive rights for decades, will face international competition in the upcoming tender, with the states share of profits projected to rise from 35% to 50%. The law seeks to maximize economic value, foster competition, and protect the Dead Seas unique ecosystem. The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.