Tag Archives: colluli potash deposit

Potassium Rich Brines Discovered at Colluli

Potassium rich brines discovered at Colluli potash deposit in Eritrea
Potassium rich brines are additional sources of potassium and their discovery at Colluli has a processing benefit that will potentially improve the overall process product yield.

By Proactive Investors,

Danakali Limited (ASX:DNK) has discovered potassium rich brines that will assist processing and potentially improve the overall process product yield at its Colluli Potash Project in Eritrea, East Africa. This follows the company completing successful pilot tests for the sulphate of potash (SOP) production process.

Colluli is a 50/50 joint venture between the Eritrean National Mining Company (ENAMCO) within the emerging potash province of Danakil. Continue reading Potassium Rich Brines Discovered at Colluli

South Boulder Seeks Finance for Colluli

.

South Boulder seeking finances to develop world’s shallowest evaporite potash deposit in Eritrea

By Africa Intelligence,

Currently setting up the company that will operate the Colluli potash project in Eritrea, South Boulder Mines is looking for ways to actually finance the scheme.

In all, South Boulder needs $700 million, including $454 million to invest in building the mine, plant and export infrastructure, including a port.

The open-cast operation involving 1 million tons per year is programmed to last 17 years and achieve an internal rate of return of 40.6%, or a total of $6.03 billionContinue reading South Boulder Seeks Finance for Colluli

New High Grade Potash Zone Discovered at Colluli

New High Grade Potash Zone Discovered at Colluli – The World’s First open pit Potash Mine 

South Boulder indicated that Colluli has now a 1.08 billion tonnes of 18% grade for 194 million tonnes of contained potash which is an 85 percent increase in reserves

By John Phillips,

South Boulder Mines (ASX: STB) continues to deliver a positive newsflow from the Colluli Potash Project in Eritrea, with the latest instalment a new high grade potash zone. This discovery comes just a week after the resource almost doubled to 1.08 billion tonnes at 18% KCl for 194 million tonnes of potash, and bodes well for future resource upgrades.

The combination of the shallow nature of this additional mineralisation, and the high-grade and strategic location, means it has strong potential to boost Collulis economics, particularly in the early phase of the project. Continue reading New High Grade Potash Zone Discovered at Colluli

Eritrea Intent to Buy a 30% Stake in the Colluli Potash Project: South Boulder

Colluli Potash Fertilizer Project in Eritrea where mine production of 1Mt p.a. is scheduled for 2016 or sooner from the world's first open cut potash mine

By  South Boulder Mines,

South Boulder Mines (ASX: STB) has received a further vote of confidence in the company’s Colluli Potash Project from the Eritrean Government, with potential for a joint venture agreement.

The government has requested that South Boulder submit a proposal to begin discussions regarding the Eritrean National Mining Corporation’s (ENAMCO) intention to acquire up to a 30% paid participating interest in Colluli.  Continue reading Eritrea Intent to Buy a 30% Stake in the Colluli Potash Project: South Boulder

NGEX Update on Major Exploration Projects in South America and Africa

NGEX Resources

NGEx Resources Inc. (NGQ-TSX) (‘NGEx’ or the ‘Company’) announces major exploration programs underway in South America and Eritrea. The Company’s exploration budget is focused on large scale copper, gold, and potash targets that demonstrate the potential for world class discoveries. Continue reading NGEX Update on Major Exploration Projects in South America and Africa

Colluli: World's shallowest buried evaporite potash deposit

South Boulder Mines

commodityonline.com

Where would you find the the world’s shallowest buried evaporite potash deposit? In Callolui Potash Project in Eritrea which is presently owned by South Boulder Mines (ASX:STB). The company in its latest exploration update has confirmed an increase in the initial exploration target of 500-750 MT of potash ores with average grades of 21-25% KCI located above 100 m vertical depth.       Continue reading Colluli: World's shallowest buried evaporite potash deposit