<SEC-DOCUMENT>0001178913-20-000919.txt : 20200325
<SEC-HEADER>0001178913-20-000919.hdr.sgml : 20200325
<ACCEPTANCE-DATETIME>20200325105827
ACCESSION NUMBER:		0001178913-20-000919
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20200325
FILED AS OF DATE:		20200325
DATE AS OF CHANGE:		20200325

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ISRAEL CHEMICALS LTD
		CENTRAL INDEX KEY:			0000941221
		STANDARD INDUSTRIAL CLASSIFICATION:	AGRICULTURE CHEMICALS [2870]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			L3
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13742
		FILM NUMBER:		20740496

	BUSINESS ADDRESS:	
		STREET 1:		MILLENNIUM TOWER
		STREET 2:		23 ARANHA STREET, P.O. BOX 20245
		CITY:			TEL AVIV
		STATE:			L3
		ZIP:			61202
		BUSINESS PHONE:		(972-3) 684-4400

	MAIL ADDRESS:	
		STREET 1:		MILLENNIUM TOWER
		STREET 2:		23 ARANHA STREET, P.O. BOX 20245
		CITY:			TEL AVIV
		STATE:			L3
		ZIP:			61202
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
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      <div style="text-align: center; line-height: 1.25; color: #000000; font-family: 'Times New Roman', serif; font-size: 14pt; font-weight: bold;">UNITED STATES</div>
      <div style="text-align: center; line-height: 1.25; color: #000000; font-family: 'Times New Roman', serif; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
      <div style="text-align: center; line-height: 1.25; color: #000000; font-family: 'Times New Roman', serif; font-size: 14pt; font-weight: bold;">Washington, D.C. 20549</div>
      <div style="text-align: center; text-indent: -6.85pt; margin-left: 6.85pt; line-height: 1.25; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">&#160;</div>
      <div style="text-align: center; line-height: 1.25; color: #000000; font-family: 'Times New Roman', serif; font-size: 18pt; font-weight: bold;">FORM 6-K</div>
      <div style="text-align: center; text-indent: -6.85pt; margin-left: 6.85pt; line-height: 1.25; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
      <div style="margin: 0px 0px 0px 0px; line-height: 1.25; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold; text-align: center;">REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER</div>
      <div style="line-height: 1.25; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold; text-align: center;">THE SECURITIES EXCHANGE ACT OF 1934</div>
      <div style="text-align: center; text-indent: -6.85pt; margin-left: 6.85pt; line-height: 1.25; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
      <div style="text-align: center; line-height: 1.25; color: #000000; font-family: 'Times New Roman', serif;">For the month of March 2020</div>
      <div style="text-align: center; line-height: 1.25; color: #000000; font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: center; line-height: 1.25; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Commission File Number: 001-13742</div>
      <div style="text-align: center; line-height: 1.25; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
      <div style="text-align: center; line-height: 1.25; color: #000000; font-family: 'Times New Roman', serif; font-size: 22pt; font-weight: bold;">ISRAEL CHEMICALS LTD.</div>
      <div style="text-align: center; line-height: 1.25; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">(Exact name of registrant as specified in its charter)</div>
      <div style="text-align: center; line-height: 1.25; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
      <div style="text-align: center; line-height: 1.25; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Israel Chemicals Ltd.</div>
      <div style="text-align: center; line-height: 1.25; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Millennium Tower</div>
      <div style="text-align: center; line-height: 1.25; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">23 Aranha Street</div>
      <div style="text-align: center; line-height: 1.25; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">P.O. Box 20245</div>
      <div style="text-align: center; line-height: 1.25; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Tel Aviv, 61202 Israel</div>
      <div style="text-align: center; line-height: 1.25; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">(972-3) 684-4400</div>
      <div style="text-align: center; line-height: 1.25; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">(Address of principal executive office)</div>
      <div style="text-align: center; line-height: 1.25; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
      <div style="text-align: center; line-height: 1.25; color: #000000; font-family: 'Times New Roman', serif;">Indicate by check mark whether the registrant files or will file annual reports under cover of Form&#160;20-F or Form 40-F:</div>
      <div style="text-align: center; line-height: 1.25; color: #000000; font-family: 'Times New Roman', serif;">&#160; <br>
      </div>
      <div style="text-align: center; line-height: 1.25;"><font style="font-family: 'Times New Roman',serif;">Form 20-F &#9746;<font class="HorizontalTab" style="width: 9pt; font-size: 1px; display: inline-block;"> </font></font><font style="font-family: 'Times New Roman',serif;">Form 40-F &#9744;</font></div>
      <div style="text-align: center; line-height: 1.25; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
      <div style="text-align: center; line-height: 1.25; color: #000000; font-family: 'Times New Roman', serif;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation&#160;S-T&#160;Rule&#160;101(b)(1):</div>
      <div style="text-align: center; line-height: 1.25; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
      <div style="line-height: 1.25;">
        <div style="text-align: center; line-height: 1.25;"><font style="font-family: 'Times New Roman',serif;">Yes &#9744;<font class="HorizontalTab" style="width: 9pt; font-size: 1px; display: inline-block;"> </font></font><font style="font-family: 'Times New Roman',serif;">No &#9746;</font></div>
      </div>
      <div style="text-align: center; line-height: 1.25; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
      <div style="text-align: center; line-height: 1.25; color: #000000; font-family: 'Times New Roman', serif;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation&#160;S-T&#160;Rule&#160;101(b)(7):</div>
      <div style="text-align: center; line-height: 1.25; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
      <div style="line-height: 1.25;">
        <div style="text-align: center; line-height: 1.25;">
          <div style="line-height: 1.25;">
            <div style="line-height: 1.25;"><font style="font-family: 'Times New Roman',serif;">Yes &#9744;<font class="HorizontalTab" style="width: 9pt; font-size: 1px; display: inline-block;">&#160;</font></font><font style="font-family: 'Times New Roman',serif;">No
                &#9746;</font></div>
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      <div style="text-align: center; line-height: 1.25; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
      <div style="text-align: center; line-height: 1.25; color: #000000; font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</div>
      <div style="line-height: 1.25">&#160;</div>
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      </div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', serif;">&#160;<font style="font-weight: bold;">ISRAEL CHEMICALS LTD.</font></div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', serif;">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', serif;">&#160;<font style="font-weight: bold;">INCORPORATION BY REFERENCE</font></div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', serif;">&#160;</div>
      <div style="line-height: 1.25; font-family: 'Times New Roman', serif;">This report on Form 6-K shall be deemed to be incorporated by reference into the registration statement on Form S-8 (Registration Number: 333-205518) of Israel Chemicals Ltd. and
        to be a part thereof from the date on which this report is filed, to the extent not superseded by documents or reports subsequently filed or furnished. In addition, this report on Form 6-K shall be deemed to be incorporated by reference into the
        Israeli Shelf Prospectus of Israel Chemicals Ltd. filed with the Israel Securities Authority and dated March 4, 2019 (Filing Number: 2019-02-018507) and to be a part thereof from the date on which this report is filed, to the extent not superseded
        by documents or reports subsequently filed or furnished.</div>
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      </div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', serif; font-size: 11pt; font-weight: bold;">ISRAEL CHEMICALS LTD.</div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', serif; font-size: 11pt;">&#160;</div>
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              <div style="line-height: 1.25; font-family: 'Times New Roman', serif; font-size: 11pt;">1.</div>
            </td>
            <td style="width: 93.07%; vertical-align: top;">
              <div style="line-height: 1.25; font-family: 'Times New Roman', serif; font-size: 11pt;">ICL provides business and operational update related to the COVID-19 pandemic</div>
            </td>
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      &#160;
      <div style="text-align: right; line-height: 1.25; font-family: 'Times New Roman', serif; font-size: 11pt; font-weight: bold;">Item 1</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>ICL provides business and operational update related to the COVID-19 pandemic</u></div>
      <div style="line-height: 1.25">&#160;</div>
      <div style="text-align: justify; line-height: 1.25; font-family: Calibri, sans-serif;">The outbreak of the COVID-19 virus in China and its worldwide spread has caused significant volatility and uncertainty in global markets. Accordingly, there has
        been a decline in global economic activity, and there is concern that economic activity will continue to moderate in light of the prevention measures being taken by the various governments around the world. Given these conditions, the Company has
        taken actions to maintain the health of its employees, suppliers, business partners and the communities in which it operates as well as to continue the proper and regular functioning of its facilities around the world to minimize the potential
        impact on its business. Specifically:</div>
      <div style="line-height: 1.25">&#160;</div>
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                <div style="line-height: 1.25; font-family: Calibri, sans-serif;">-</div>
              </td>
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                <div style="text-align: justify; line-height: 1.25; font-family: Calibri, sans-serif;">Manufacturing continues at the Company's sites around the world, including the Company's Chinese operations that are working at full capacity. As of the
                  date of this announcement, The Company's mining operations in Spain as well as the ramp project have been recently halted out of concern for the health of the Company's employees and in accordance with the instructions of the authorities.
                  As of today, the extent of the capacity curtailment is immaterial to the Company's business.</div>
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                <div style="line-height: 1.25; font-family: Calibri, sans-serif;">-</div>
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                <div style="text-align: justify; line-height: 1.25; font-family: Calibri, sans-serif;">The Company has a significant level of available liquidity, including cash and deposits and unused credit facilities. During January 2020, the Company
                  issued bonds in the amount of approximately $110 million, further enhancing its financial profile. As of the end of 2019, the Company had approximately $190 million in cash and deposits and approximately $870 million in unused credit
                  facilities. In order to ensure flexibility, the Company has since increased its cash balance and deposits to about $0.5 billion out of its credit facilities.</div>
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                <div style="line-height: 1.25; font-family: Calibri, sans-serif;">-</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; line-height: 1.25; font-family: Calibri, sans-serif;">The downward trend in potash sales prices referenced in our 2019 Annual Report continues, inter alia due to the delay in the signing of an annual supply
                  contract in China. However, the Company does not expect a continuous decline in demand for fertilizers, as global food demand is unchanged.</div>
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                <div style="line-height: 1.25; font-family: Calibri, sans-serif;">-</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; line-height: 1.25; font-family: Calibri, sans-serif;">Further to Note 19 in the Company&#8217;s Annual Report for 2019 regarding the challenges facing the Rotem phosphate mining and production facilities in
                  Israel, and in light of the current Covid-19 crisis, the Company is attempting to expedite discussions with the State of Israel to accelerate a decision regarding the Barir field, to ensure the long-term activities of these facilities.</div>
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              <td style="width: 14.2pt; vertical-align: top; align: right;">
                <div style="line-height: 1.25; font-family: Calibri, sans-serif;">-</div>
              </td>
              <td style="width: auto; vertical-align: top;">
                <div style="text-align: justify; line-height: 1.25; font-family: Calibri, sans-serif;">The recent weakening of the Israeli shekel against the dollar, as well as the decline in energy and transportation prices, to the extent these trends
                  continue, are expected to positively impact the Company's results.</div>
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      <div style="text-align: justify; line-height: 1.25; font-family: Calibri, sans-serif;">The foregoing update includes forward-looking information, which is inherently uncertain. As of the date of this report, the Company is unable to accurately assess
        the impact of the COVID-19 virus pandemic on the Company, due to, among other factors, the heightened volatility in the markets, the uncertainty regarding the duration of the pandemic, the extent of its impact on the markets in which the Company
        operates, and additional countermeasures governments and central banks may take. For more details on the potential risks identified by the Company at this time, the Company refers to the risk factors as published in the Company's Annual Report for
        2019, and in particular, to the risk factors for natural disasters and epidemics, including the COVID-19 virus pandemic; The risk to global demand and supply; Availability of credit lines and risk of crisis in global financial markets; Completing
        CAPEX projects and the challenges the Israeli Rotem phosphate operations is facing. In connection with the COVID-19 crisis, the Company identifies the risk of discontinuing the operations of its major potash and bromine plants in Israel as a result
        of widespread infection, as the most significant risk to its business in the near future. To the extent that any of the risks described above or any other risk specified in the Company's risk factors will be realized, and in particular if one of
        such Company's major plants ceases to operate, it may have an impact, and even have a material impact on the Company's business and results.</div>
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      &#160;<br>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', serif; font-weight: bold;">SIGNATURE</div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', serif;">&#160;</div>
      <div style="text-indent: 18pt; line-height: 1.25; font-family: 'Times New Roman', serif;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
        thereunto duly authorized.</div>
      <div style="text-indent: 18pt; line-height: 1.25; font-family: 'Times New Roman', serif;">&#160;</div>
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            </td>
            <td colspan="3" style="vertical-align: top;">
              <div style="line-height: 1.25; font-family: 'Times New Roman', serif; font-weight: bold;">Israel Chemicals Ltd.</div>
            </td>
            <td colspan="1" style="width: 20%; vertical-align: top;">&#160;</td>
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              <div style="line-height: 1.25; font-family: 'Times New Roman', serif;">&#160;</div>
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            <td colspan="1" style="width: 20%; vertical-align: top;">&#160;</td>
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            </td>
            <td style="width: 3%; vertical-align: top; padding-bottom: 2px;">
              <div style="line-height: 1.25; font-family: 'Times New Roman', serif;">By:</div>
            </td>
            <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25; font-family: 'Times New Roman', serif;">/s/ Kobi Altman</div>
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              <div style="line-height: 1.25; font-family: 'Times New Roman', serif;">&#160;</div>
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              <div style="line-height: 1.25; font-family: 'Times New Roman', serif;">&#160;</div>
            </td>
            <td style="width: 4%; vertical-align: top;">
              <div style="line-height: 1.25; font-family: 'Times New Roman', serif;">Name:</div>
            </td>
            <td style="width: 23%; vertical-align: top;">
              <div style="line-height: 1.25; font-family: 'Times New Roman', serif;">Kobi Altman</div>
            </td>
            <td colspan="1" style="width: 20%; vertical-align: top;">&#160;</td>
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              <div style="line-height: 1.25; font-family: 'Times New Roman', serif;">&#160;</div>
            </td>
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              <div style="line-height: 1.25; font-family: 'Times New Roman', serif;">&#160;</div>
            </td>
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              <div style="line-height: 1.25; font-family: 'Times New Roman', serif;">Title:</div>
            </td>
            <td style="width: 23%; vertical-align: top;">
              <div style="line-height: 1.25; font-family: 'Times New Roman', serif;">Chief Financial Officer</div>
            </td>
            <td colspan="1" style="width: 20%; vertical-align: top;">&#160;</td>
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              <div style="line-height: 1.25; font-family: 'Times New Roman', serif; font-weight: bold;">Israel Chemicals Ltd.</div>
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              <div style="line-height: 1.25; font-family: 'Times New Roman', serif;">By:</div>
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              <div style="line-height: 1.25; font-family: 'Times New Roman', serif;">/s/ Aya Landman</div>
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              <div style="line-height: 1.25; font-family: 'Times New Roman', serif;">Name:</div>
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              <div style="line-height: 1.25; font-family: 'Times New Roman', serif;">Aya Landman</div>
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              <div style="line-height: 1.25; font-family: 'Times New Roman', serif;">Title:</div>
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              <div style="line-height: 1.25; font-family: 'Times New Roman', serif;">Global Company Secretary</div>
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      <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman', serif;">Date: March 25, 2020</div>
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