Danakali share price drops 7.5 percent today after the company says no tranche 2 AFC funding ($28.5 million) before the deadline.
BY CECILIA JAMASMIE | MINING[dot]COM
Shares in Australia’s Danakali (ASX, LON:DNK) fell 7.5% to 31 Australian cents on Monday after the miner, which is trying to bring a potash project in Eritrea closer to construction, said its second loan tranche from the Africa Finance Corporation (AFC) was set to fall through. Continue reading Danakali Shares Drop After Second AFC Loan Set to Fall Through
Danakali Limited (ASX:DNK) (LON:DNK) is in the final stages of completing the second phase of development for its world-class Colluli Potash Project in Eritrea from which first production of sulphate of potash (SOP) is on schedule for 2022. Continue reading Eritrea Potash Project on Budget and on Schedule Despite COVID-19 Restrictions
This takes Colluli closer to the construction phase and then into production in 2022
BY CECILIA JAMASMIE | MINING DOT COM
Australia’s Danakali (ASX, LON:DNK) has finished the first phase of development of its world-class Colluli potash project in Eritrea, Africa, which takes the company a step closer to the construction phase and then onto production in 2022. Continue reading Danakali Finished First Phase of Eritrea Potash Project
BY MINING REVIEW
Comfortably proven to be able to produce sulphate of potash (SOP) – a premium grade of fertilizer – over an almost 200 year mine life, the company has optionality to expand Colluli’s product suite with a host of potentially viable future products being explored. Continue reading Danakali’s Colluli Potash Project Primed to Begin Construction
The Colluli potash deposit in Eritrea could meet the entire world’s demand for 30 years.
BY CECILIA JAMASMIE | MINING[DOT]COM
Australia’s Danakali (ASX, LON:DNK) is closer than ever to beginning the development of its world-class Colluli potash project in Eritrea, which is expected to become one of the world’s most significant and lowest cost sources of sulphate of potash (SOP), a premium grade fertilizer. Continue reading Danakali to Start Developing Vast Potash Project in Eritrea
“Our immediate priority for 2019 will be the completion of the funding process, which will allow us to be in the position to proceed with moving into development later this year”
BY JESSICA CUMMINS | PROACTIVE INVESTORS
Danakali Ltd (ASX:DNK) has established a clear strategy to bring the Colluli Sulphate of Potash (SOP) Project in the northeast African country of Eritrea into development later this year after delivering a transformative year in 2018. Continue reading Danakali to Bring Eritrea Potash Project into Development This Year