The Weekly Times: Incitec defends import policies
Fertiliser giant Incitec Pivot has been forced to defend its continued sourcing of phosphate rock from a disputed North African territory.
Published: 31.12 - 2007 11:25Printer version    
The Weekly Times, December 26 2007.
By ROSLYN LANIGAN

Chairman John Watson told shareholders at its annual general meeting last week the company was not in breach of international law by importing from Western Sahara.

A small group of protestors gathered outside the meeting to urge Incitec Pivot to halt trading with Morocco, which controls Western Sahara.

Inside, shareholders heard that despite another tough year for agricultural Australia, Incitec Pivot's earnings jumped 148 per cent in the year to September 30. Shares in the company have tripled in a year and traded at more than $110 on Friday.

But activists have slammed Incitec Pivot, saying it breaches international law by importing from Western Sahara. Australia Western Sahara Association Victorian secretary Cate Lewis said Morocco was selling the phosphate illegally.

Western Sahara has been fighting for the right to self determination, backed by the United Nations, since Spanish colonisers pulled out in 1976. Ms Lewis said Australian fertiliser companies could make a “big difference” by shunning imports of Western Saharan phosphate.

"If Incitec Pivot joined with the other Australian importers (Wesfarmers CSBP and Impact) and the two New Zealand importers, that group would be the biggest importer of this phosphate in the world,'' she said.

"Phosphate exports are half of the Moroccan economy.'' Ms Lewis said the UN had condemned Morocco for selling resources from the territory and the Federal Government had urged companies to seek legal advice before importing material from Western Sahara.

But Mr Watson said Incitec Pivot fulfilled all international law obligations.

"We look to the UN and the Australian Government to guide us on these matters,'' he said.

He said there would be "significant consequences" for Australian farmers if fertiliser companies halted trade with Morocco.

"Without rock from Western Sahara, it is unlikely that Australian manufacturers could produce the one million tonnes of single superphosphate farmers require each year,'' he said.

Incitec Pivot chief executive Julian Segal said fertiliser prices would remain high next year due to strong demand and a tight international market.

"I can't see in the short and medium term any change in this demand and, on the supply side, there isn't a huge pipeline of new projects coming up,'' Mr Segal said.

"You are not going to see the price of fertiliser going back to what it was a few years ago. I think this is a new sustainable level of prices.''

    
News:

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
03.02 - 2018 / 03.02 - 2018Unison condemnation of the EU Commission from Western Sahara groups
02.02 - 2018 / 01.02 - 2018Siemens fails to respond Western Sahara question at AGM
01.02 - 2018 / 01.02 - 2018EU has sealed Western Sahara trade deal in violation of Court Judgment
31.01 - 2018 / 30.01 - 2018Polisario threatens compensation from EU and companies, warns Nutrien
31.01 - 2018 / 30.01 - 2018Vigeo Eiris reports untruly about UN human rights approval
29.01 - 2018 / 29.01 - 2018'Biggest importer' of phosphate rock is pulling out
27.01 - 2018 / 27.01 - 2018Senior socialist MEPs publicly slam EU-Morocco talks
23.01 - 2018 / 12.01 - 2018Glencore has left occupied Western Sahara
22.01 - 2018 / 22.01 - 2018German government not supportive of business in Western Sahara
15.01 - 2018 / 15.01 - 2018Denmark accepts continued EU fisheries in occupied waters
10.01 - 2018 / 10.01 - 2018EU Court advocate: Fish agreement invalid for including Western Sahara
08.01 - 2018 / 08.01 - 2018EU Commission eying new fish deal including Western Sahara




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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.
Stand up for the Gdeim Izik 25!

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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

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Help us to protect the natural resources of Western Sahara for the Saharawi people. Support our work by making a donation.
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