The final ruling has been made on the arbitration proceedings between Israel Chemicals (TASE: ICL: NYSE: ICL) and the Israeli government on the royalties dispute over potash and bromide from the Dead Sea Works. According to the agreement, Israel Chemicals paid $1.3 billion in royalties between 2000 and 2017, of which $300 million is part of the arbitration ruling. Israel Chemicals will set aside a further $11 million for the extra royalties (after tax) during the first quarter of 2019. RELATED ARTICLES Israel Chemicals profit soared in 2018 Israel Chemicals signs more Chinese potash contracts Israel Chemicals signs major Indian potash deal For 2018, Israel Chemicals will pay NIS 250 million in royalties for its profit on minerals. Published by Globes, Israel business news - en.globes.co.il - on April 29, 2019 © Copyright of Globes Publisher Itonut (1983) Ltd. 2019
