FMC Corp confirms it is no longer into Western Sahara phosphates

The US company FMC Corp has confirmed to WSRW that it has sold 33,3 percent ownership in the Venezuelan company Tripoliven which imports phosphates from Western Sahara. Now it is all Venezuelan.
Published: 30.03 - 2017 21:21Printer version    
On 7 April 2016, WSRW wrote that it had picked up credible information that FMC was to divest from its Venezuelan joint-venture company Tripoliven, which for several decades had been importing from a mine in occupied Western Sahara. WSRW at the time sent emails twice to the company to get the rumour confirmed, without receiving answers. The mine is controlled by Morocco, the occupying power.

tripoliven_19.03.2016_300.jpgThe information about FMC Corp's exit from Tripoliven was finally confirmed in a mail from FMC Corp to Western Sahara Resource Watch on 30 March 2017. Seemingly, WSRW had last year reported on the FMC's sales shortly before it took place.

"FMC was able to divest its very small minority share to Banco del Caribe on November 4, 2016", Mr. Jim Fitzwater, Director Global Business Communications wrote in a mail to Western Sahara Resource Watch.

This means that Venezuelan interests have bought the US owned shares in the controversial trade, and now owns all the importing company.

The website of the Venezuelan joint-venture still refers to FMC Corp as a 33,33 percent shareholder (see screenshot to the right). That is now wrong.

"The information on the Tripoliven website is outdated since FMC ownership in the joint venture has been fully terminated", Mr. Fitzwater wrote.

This means that FMC Corp has finally terminated all involvement with phosphates from the mine. No reasons were given as to why the shares were sold.

FMC Corp's shares in Tripoliven were owned by its subsidiary FMC Foret, for several years.

The same subsidiary, had also had another involvement in the trade - through a direct imports to its production facility in Huelva, Spain. In 2010, the plant in Huelva closed down, and the company thus stopped its direct Spanish import.

In a few weeks, WSRW will issue its report P for Plunder 2016, outlining the exports of phosphates from Western Sahara over the course of last year. The Venezuelan government is - together with the government of India - the only foreign government involved in the imports of Western Sahara phosphate rock. Venezuelan government companies both import into subsidiaries in Venezuela and in Colombia. Tripoliven has in the past lied to WSRW regarding the trade, stating they do not import, while in fact they do.

Bancaribe (formerly Banco del Caribe) is a private Venezuelan bank. It is not known if that bank now controls only the 33,33% ownership formerly belonging to FMC, or if the bank also controls even more.

WSRW contacted Tripoliven in 2014 and 2015 without receiving an answer.

Morocco has occupied parts of Western Sahara since 1975, and the exports of phosphate rock contributes to the legitimization and financing of the annexation.


20.03 - 2018 / 20.03 - 2018Does OPEC consider Western Sahara to be part of Morocco?
20.03 - 2018 / 27.08 - 2010Support Western Sahara Resource Watch
06.03 - 2018 / 06.03 - 2018Kosmos Energy maintains propaganda site after Western Sahara exit
02.03 - 2018 / 01.03 - 2018What is HeidelbergCement doing in occupied Western Sahara?
01.03 - 2018 / 01.03 - 2018Confirmed: Innophos key client of Western Sahara phosphate rock
28.02 - 2018 / 28.02 - 2018South Africa stands up against the plunder of Western Sahara
28.02 - 2018 / 28.02 - 2018Bermuda shipping company drops Western Sahara
27.02 - 2018 / 27.02 - 2018EU and Morocco announce continued fisheries partnership
27.02 - 2018 / 23.02 - 2018EU Parliament slams Commission on Western Sahara talks
27.02 - 2018 / 27.02 - 2018Polisario: open to negotiate Western Sahara deals with the EU
27.02 - 2018 / 27.02 - 2018Saharawi refugees celebrate EU Court victory
27.02 - 2018 / 27.02 - 2018BREAKING: EU Court stops EU-Morocco fish deal in Western Sahara
23.02 - 2018 / 23.02 - 2018SA Court confirms: Morocco has no ownership over Saharawi phoshates
23.02 - 2018 / 21.02 - 2018EU Member States disagree over toxic fertilizers
21.02 - 2018 / 21.02 - 2018Vigeo Eiris goes back on false claim
20.02 - 2018 / 20.02 - 2018EU Parliamentarians concerned over Commission's respect of rule of law
15.02 - 2018 / 15.02 - 2018Sweden to vote against new EU-Morocco fish talks
08.02 - 2018 / 08.02 - 2018Studies continue on Kosmos Energy's block
07.02 - 2018 / 07.02 - 2018Kosmos and Cairn have pulled out of Western Sahara
07.02 - 2018 / 07.02 - 2018Why WSRW refuses to take part in the EU's Western Sahara consultation


Morocco occupies the major part of its neighbouring country, Western Sahara. Entering into business deals with Moroccan companies or authorities in the occupied territories gives an impression of political legitimacy to the occupation. It also gives job opportunities to Moroccan settlers and income to the Moroccan government. Western Sahara Resource Watch demands foreign companies leave Western Sahara until a solution to the conflict is found.
EU Court cases on Western Sahara for dummies


It's not easy keeping up with all the different legal proceedings relating to Western Sahara. For the sake of clarity, here's an overview of the three different cases at the Court of Justice of the European Union.
Stand up for the Gdeim Izik 25!


Leading activists from Western Sahara are condemned to sentences ranging from 20 years to life imprisonment in connection to a mass protest in 2010 denouncing the Saharawi people’s social and economic marginalization in their occupied land; the Gdeim Izik protest camp.
Support Western Sahara Resource Watch


Help us to protect the natural resources of Western Sahara for the Saharawi people. Support our work by making a donation.
Report: Moroccan green energy used for plunder


At COP22, beware of what you read about Morocco’s renewable energy efforts. An increasing part of the projects take place in the occupied territory of Western Sahara and is used for mineral plunder, new WSRW report documents. News Archive 2018 News Archive 2017 News Archive 2016 News Archive 2015 News Archive 2014 News Archive 2013 News Archive 2012 News Archive 2011 News Archive 2010 News Archive 2009 News Archive 2008 News Archive 2007 News Archive 2004-2006

Register for our English newsletter:

These web pages have been built with the financial support of the trade union Industry Energy