Israel Chemicals (ICL CFO Kobi Altman) could leave the polyhalite industry if UK-based Sirius Minerals secures the stage two funds it needs to complete its Woodsmith project in north Yorkshire, according to broker Shore Capital. The assessment followed similar comments from ICL, who said the company was in "wait and see" mode. He added if it could not be a cost leader in the market, then ICL CFO Kobi Altman, whose Boulby mine is adjacent to Sirius's site, would "probably try to exit".
Israel Chemicals (ICL) could leave the polyhalite industry if UK-based Sirius Minerals secures the stage two funds it needs to complete its Woodsmith project in north Yorkshire, according to broker Shore Capital. The assessment followed similar comments from ICL CFO Kobi Altman, who said the company was in "wait and see" mode. He added if it could not be a cost leader in the market, then ICL, whose Boulby mine is adjacent to Sirius's site, would "probably try to exit".