Tag Archives: Colluli Potash Project

Danakali Shares Drop After Second AFC Loan Set to Fall Through

Danakali share price drops 7.5 percent today after the company says no tranche 2 AFC funding ($28.5 million) before the deadline.

AFC is in discussion with Danakali with a view to finding a funding structure suitable to both parties that will ensure the commencement of construction of the project as soon as possible.

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

Eritrea Potash Project on Budget and on Schedule Despite COVID-19 Restrictions

Even in light of COVID-19 restrictions, all the engineering, procurement and construction management (EPCM) activities at the world-class Colluli Potash Project in Eritrea are progressing as scheduled and on budget.

BY TESFANEWS*

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

Danakali Finished First Phase of Eritrea Potash Project

This takes Colluli closer to the construction phase and then into production in 2022

Colluli Mining Share Company (CMSC) has successfully executed EPCM Phase 1 of Project development, on schedule, on budget and in line with the Front-End Engineering Design (FEED).

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

Danakali’s Colluli Potash Project Primed to Begin Construction

ASX-listed potash developer Danakali is moving its world-class Colluli potash project in Eritrea closer towards development.

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

Danakali to Start Developing Vast Potash Project in Eritrea

The Colluli potash deposit in Eritrea could meet the entire world’s demand for 30 years.

Colluli potash project is one the the largest and shallowest known deposit of the fertilizer in the world.

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

Danakali to Bring Eritrea Potash Project into Development This Year

“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

The project is now ‘shovel ready’ with all permits in place, binding take-or-pay offtake achieved, and FEED study establishing Colluli as an advanced Sulphate of Potash (SOP) development.

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