Jerusalem: The Israeli government has released a comprehensive draft law aimed at reshaping the country’s mineral extraction framework at the Dead Sea, marking one of the most significant reforms in the sector in decades. The proposal seeks to increase state revenues, open the industry to competition, and introduce tougher environmental regulations to protect one of the world’s most fragile ecological regions.

At the heart of the draft law is a plan to replace the long-standing concession system that has allowed Israel Chemicals Ltd. (ICL) to exclusively extract potash, magnesium, and other minerals from the southern basin of the Dead Sea for over 50 years. ICL’s current permit is set to expire in 2030, and recent developments especially the company’s decision to relinquish its right of

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