Israel Chemicals to establish “very competitive” Namibian phosphate JV
Published: Monday, 07 December 2015
Namibia’s offshore phosphate reserves have garnered substantial interest in the last ten years, with most global resources residing in only one country – Morocco. ICL has established a JV with an expert in Namibian marine mining to push research on the phosphates deposits forward.
Tel Aviv-based Israel Chemicals Ltd (ICL)
has signed a memorandum of understanding (MoU) with LLNP Ltd, a
Namibian subsidiary of the international investment and holding
company Leviev Group.
Under the MoU, the companies will work in a joint venture
(JV) to perform a feasibility study considering the
construction of a "world-scale phosphates...