Desalination Enterprises Technologies (IDE) won a tender to build a desalination plant worth more than $100 million in western Australia.
IDE, jointly owned by Israel Chemicals [ICL.TA] and the Delek Group [DELKG.TA] will build a plant capable of producing 50 million cubic meters of water annually as part of an iron-mining project in Pilbarra, the paper said.
The company in November postponed a planned initial public offering in London as a result of prevailing global market conditions. It had aimed to raise up to $200 million in global depositary shares.