The Colluli potash project has been called a “game-changer” for Eritrea’s economy, as it is expected to become one of the world’s most significant and lowest-cost sources of sulphate of potash (SOP), a premium grade fertilizer.
LEON LOUW | ELNAZA NEWS
Potash is an important fertilizer. The Australian company Danakali is developing the Colluli potash project in Eritrea and expects to bring it into production in 2022.
With a growing world population, demand for food will increase, while the availability of arable land is expected to shrink. Potash, an important fertilizer, could be a game-changer for Eritrea and other African countries.
Continue reading Potash – A Game Changer For Eritrea’s Economy
The accommodation camp is designed to accommodate 600 during the production phase with the flexibility for 1,115 during the construction phase.
RA International will supply, deliver, and install a mine accommodation camp, as well as a plant administration and service facilities for the Colluli mine site. (Photo: RA International)
RACHEL MIDDLETON | PROACTIVE INVESTORS
Danakali Limited (ASX:DNK) (LSE:DNK) (OTCMKTS:SBMSF) has appointed RA International Group PLC (LON:RAI) as the preferred contractor for the supply of accommodation, support services, and other infrastructure buildings for the Colluli SOP Project development in Eritrea. Continue reading RA International Secures Contract to Supply Accommodation Camps for Colluli Mine
Danakali’s Colluli potash project in Eritrea is an absolute game changer with a unique and unrivalled potash deposits.
Danakali (ASX:DNK) shares are signaling bullish signs as the last trading week of 2015 comes to an end. The short-term price trend outperforms the long term since shortly before Christmas with a share price development of + 0.02 (7.41%) closing at 0.29-cent AUD.
This leaves the price at half the level of a 12-month price target set by some investment analysts and the list of indications that the price target could be outperformed is increasing.
The company’s recent Definitive Feasibility Study (DFS) revealed improved economics of the Colluli potash project confirming a Phase 1 development capital reduction of 30%.
Continue reading Danakali – A Potash Miner to Watch