Outgoing Environmental Protection Minister Gilad Erdan sent a letter to Prime
Minister Binyamin Netanyahu this weekend, expressing vehement opposition to a
potential merger between Israel Chemicals and a Canadian natural resource firm
that has shares in the Israeli company.
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Israel Chemicals, the firm
responsible for the majority of mineral extraction on the Israeli side of the
Dead Sea, has three categories of shareholders: Israel Corp., which owns 52.30
percent, Potash- Corp Agricultural Society Ltd. – held by Potash Corporation of
Saskatchewan, Canada – which holds 13.85% and members of the public and other
institutions who govern 33.85%.