ICL Boulby Application to Continue Mining and Production of Polyhalite Approved Through 2048

Rhea-AI Summary

ICL has received approval from the North York Moors Park Authority to continue production of polyhalite and salt at its Boulby Mine for an additional 25 years starting in 2023. This decision supports the company's role as the largest employer in East Cleveland and reinforces its position as the sole producer of polyhalite, a multi-nutrient organic fertilizer. In October, ICL marked a milestone by achieving over 80,000 tons of processed polyhalite production in a month, a record that indicates enhanced operational capabilities.

Positive

• Approval allows ICL to continue operations at Boulby Mine for an additional 25 years.
• Record monthly production of polyhalite exceeded 80,000 tons in October.

Negative

• None.

Company is the world’s first and only producer of unique, multi-nutrient organic fertilizer

TEL AVIV, Israel--(BUSINESS WIRE)-- ICL (NYSE: ICL) (TASE: ICL), a leading global specialty minerals company, today announced the North York Moors Park Authority Planning Committee approved the ICL Boulby Mine’s application for the continuation of polyhalite and salt production for an additional 25 years, which will begin in 2023 when the current planning permission expires.

“We are grateful for the Park Authority’s decision, which will enable us to remain at the heart of the local community – as the largest employer in East Cleveland – and exploit our position as the world’s first and only producer of polyhalite, the multi-nutrient organic fertilizer which is now helping to meet the world’s food needs across the UK and five continents,” said Andrew Fulton, vice president and general manager of ICL Boulby.

“The decision comes at a particularly important stage in our development plans: having weathered the worst of the pandemic – and remaining in operation throughout – we are now significantly enhancing production. In October, we delivered record monthly processed polyhalite production of more than 80,000 tons. The Park Authority’s approval of our application is good news for the future of our business, our workforce and our area.”

For more information on Polysulphate, please visit https://polysulphate.com/.

About ICL

ICL Group is a leading global specialty minerals company, which also benefits from commodity upside. The company creates impactful solutions for humanity's sustainability challenges in global food, agriculture, and industrial markets. ICL leverages its unique bromine, potash and phosphate resources, its passionate team of talented employees, and its strong focus on R&D and technological innovation to drive growth across its end markets. ICL shares are dually listed on the New York Stock Exchange and the Tel Aviv Stock Exchange (NYSE and TASE: ICL). The company employs more than 12,000 people worldwide, and its 2020 revenues totaled approximately $5.0 billion.

For more information, visit ICL's website at www.icl-group.com.
To access ICL's interactive Corporate Social Responsibility report, please click here.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20211203005336/en/

Investor Relations Contacts

Peggy Reilly Tharp

VP, Global Investor Relations

+1-314-983-7665

Peggy.ReillyTharp@icl-group.com

Dudi Musler

Director, Investor Relations

+972-3-684-4448

Dudi.Musler@icl-group.com

Press Contact

Adi Bajayo

Scherf Communications

+972-52-4454789

Adi@scherfcom.com

Source: ICL Group LTD