iberpotash

EC investigating possible illegal state aid to mining company Iberpotash

January 26, 2016 04:45 PM | ACN

The European Commission has opened “an in-depth investigation” into whether public measures in favour of mining company Iberpotash gave it a selective advantage over its competitors, in breach of EU State aid rules. “The Spanish authorities fully financed EUR 7.9 million of costs to physically cover one of Iberpotash's waste heaps and reduce pollution” stated the EC’s press release. If confirmed, this would entail a breach in the 'polluter pays' principle since a public authority would have been bearing the clean-up costs rather than the company responsible for the pollution. Iberpotash already has a European infraction procedure against it, which has been pending since 2014.

Iberpotash invests €200 million in digging the longest tunnel in Spain to increase its productivity by 30%

October 19, 2012 12:54 AM | CNA / Estefania Escolà

Catalonia hosts one of the world’s five active potash mines. The company Iberpotash has started to implement its Phoenix Plan, which foresees investing €600 million until 2020. The first phase of the project is the construction of a 4.7 kilometre tunnel to transport the potash mineral extracted from the mine to the treatment plant. The tunnel represents an important environmental improvement, as lorries carrying potash will no longer pass through the town of Súria. They will pass through the tunnel 900 metres under the ground. This first phase will enable the improvement of the mine’s productivity to between 30 and 40%.