“If the legal procedures allow us, we won’t wait for the decision of the arbitration court,” Motuma said. ICL terminated its potash project in Ethiopia last year, saying it invested about $170 million. Ethiopia filed its response to the notice of arbitration on June 12, according to ICL’s second-quarter results. The company is seeking $198 million in compensation, which the government is challenging because it disputes Israel Chemical’s claims, Motuma said. “There are other international companies working there, they all use the same infrastructure,” he said.

Source: Ethiopian News September 14, 2017 01:07 UTC