Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Israel
  4. TEL AVIV STOCK EXCHANGE
  5. ICL Group Ltd
  6. News
  7. Summary
    ICL   IL0002810146

ICL GROUP LTD

(ICL)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Belarus stops some potash output amid protests - TASS

08/17/2020 | 06:31am EDT

* Belarus is world's largest producer of potash

* Supplies this fertiliser to China, India, other countries

* Nationwide protests take place after disputed elections

MINSK, Aug 17 (Reuters) - Some fertiliser production has stopped at Belarusian potash miner Belaruskali after a number of its workers joined protests over the country's disputed election, TASS news agency cited the miner's labour union as saying on Monday.

The scale of the industrial action among state-owned Belaruskali's 16,000-strong workforce across six mines was unclear. The company is the world's largest producer of potash, a key source of dollar revenue for Belarus, and is a major supplier of fertiliser to China and India.

Belaruskali was not available for comment when called by Reuters.

Its trading arm - the Belarus Potash Company (BPC) - said earlier on Monday it would do its best to honour contracts with customers.

Industrial action in Belarus began last week after allegations of election rigging and police brutality.

Some of the Belaruskali workers protesting near the company's headquarters in Soligorosk, 135 km (84 miles) south of Minsk, are calling for new elections, the sacking of Belarus officials involved in a violent crackdown and for the release from jail of people they say are political prisoners.

Belarusian leader Alexander Lukashenko, who declared a landslide election win in the disputed election, has said he will not hold a new vote.

Belaruskali produces 1 million tonnes of potash a month, 18% of global monthly consumption, and has limited storage capacity, analysts at VTB Capital said in a note on Monday.

The global potash market is currently tight as large deliveries are planned under recently signed contracts with China and India, they said.

Other global potash producers, including ICL, Mosaic and K+S, could benefit if supplies from Belarus dry up for some time, VTB added.

In a statement Monday, BPC told clients: "We are fully aware of the importance of our commitments to you, as well as a high degree of responsibility, and we ask for your understanding.

"We hope for a quick resolution of this situation," it added, posting a banner saying "Pray for Belarus".

(Reporting by Andrei Makhovsky Writing by Tom Balmforth and Polina Devitt Editing by David Goodman and David Holmes)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
GOLD 0.07% 1859.28 Delayed Quote.-1.64%
ICL GROUP LTD -1.26% 2354 Delayed Quote.45.72%
K+S AG 0.55% 11.9 Delayed Quote.51.96%
SILVER 0.05% 27.688 Delayed Quote.5.76%
URALKALI 0.00% 119.04 End-of-day quote.0.00%
All news about ICL GROUP LTD
04:32aAcquisition vehicle EverArc to buy U.S.-based Perimeter Solutions in $2 billi..
RE
06/02ICL  : to Discuss Industrial Products with Bank of America
BU
06/02ICL GROUP LTD : Ex-dividend day for interim dividend
FA
04/29SALEM ERODE INVESTMENTS'  : Board Proposes Name Change
MT
04/15ICL  : Announces First Quarter 2021 Earnings Call
BU
04/05ARAB POTASH  : Belarus raises price in potash supply contract with India
RE
04/05ICL  : Wins Contract to Supply Potash for India-Based Company
MT
04/05ICL  : Signs Contract to Supply 600,000 Metric Tons of Potash to India During 20..
BU
03/31Bayer to kick off sale of $2.4 billion pest control unit this summer - source..
RE
03/30Bayer to launch sale of 2 bln eur pest control unit BES this summer -sources
RE
More news
Financials (USD)
Sales 2021 5 792 M - -
Net income 2021 513 M - -
Net Debt 2021 2 438 M - -
P/E ratio 2021 16,9x
Yield 2021 3,31%
Capitalization 9 449 M 9 450 M -
EV / Sales 2021 2,05x
EV / Sales 2022 1,93x
Nbr of Employees 11 000
Free-Float 52,9%
Chart ICL GROUP LTD
Duration : Period :
ICL Group Ltd Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ICL GROUP LTD
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 4
Average target price 7,69 $
Last Close Price 7,36 $
Spread / Highest target 17,2%
Spread / Average Target 4,50%
Spread / Lowest Target -13,0%
EPS Revisions
Managers and Directors
NameTitle
Raviv Zoller President & Chief Executive Officer
Kobi Altman Chief Financial Officer
Yoav Doppelt Executive Chairman
Miri Mishor Senior Vice President-Information Technology
Eyal Ginzberg Chief Technology Officer & Senior VP
Sector and Competitors
1st jan.Capitalization (M$)
ICL GROUP LTD45.72%9 446
SOCIEDAD QUÍMICA Y MINERA DE CHILE S.A.-4.66%12 320
THE SCOTTS MIRACLE-GRO COMPANY-4.62%10 586
PHOSAGRO56.59%8 790
UPL LIMITED80.51%8 770
PI INDUSTRIES LIMITED31.16%5 961