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.
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%.