The Chinese company SRBG has completed the acquisition of a 50% stake in the Colluli potash project in Eritrea from Australia’s Danakali Ltd by paying the first installment of $105 million. Australia’s Danakali (ASX: DNK) has completed the sale of its 50% stake in the Colluli potash project in Eritrea, Africa, 13 years after partnering […]
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Eritrea’s Colluli potash project is the world’s largest and most advanced Sulphate of Potash (SOP) greenfield development project with a mine life in excess of 200 years. Australia’s Danakali Ltd. (ASX: DNK) has agreed to sell its 50 per cent shareholding in its flagship Colluli potash project in Eritrea, almost 13 years after partnering with […]
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BY ROBIN BROMBY | SMALL CAPS Emerging sulphate of potash (SOP) producer Danakali (ASX: DNK) has passed another key step in Eritrea and now heads for production, not only with Asian markets in mind, but plans to realise huge potential in food-hungry Sub-Saharan Africa.
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EPCM contractor DRA Global has started project management activities and mobilized its own engineering group for the process plant and associated infrastructure work. BY JOHN MILLER | PROACTIVE INVESTORS Danakali Ltd (ASX:DNK) (LON:DNK) has started the first phase of the Engineering, Procurement and Construction Management (EPCM) process at Colluli Sulphate of Potash (SOP) Project in […]
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BY CECILIA JAMASMIE | MINING.COM Australia’s Danakali’s (ASX, LON:DNK) said Monday it was about to close debt financing agreements worth $200 million with two African financial institutions, which will allow it fund construction and growth of its flagship Colluli potash project in Eritrea.
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BY TESFANEWS * Potash mining company Danakali and other mining firms welcomes the decision by the UN Security Council to lift a nearly decade-old sanctions on Eritrea saying the decision will have a positive impact on foreign investment and enhance international trade opportunities to give an economic boost to the country.
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An improving macro backdrop in Eritrea is proving timely for emerging developer Danakali as it seals an offtake deal for its 200-year Colluli premium potash project and lists on the LSE. BY MINING NEWS Danakali has been working with its 50% joint venture partner, state-owned Eritrean National Mining Corporation (ENAMCO), to progressively de-risk the 1.1 billion […]
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The deal represents a strong endorsement for the Project and instrumental in unlocking project funding. BY TESFANEWS * Danakali Ltd (ASX:DNK), on behalf of its partner Colluli Mining Share Company (CMSC), have signed a binding take-or-pay offtake agreement with EuroChem Trading GmbH (EuroChem) for up to 100% of module I sulphate of potash (SOP) production from […]
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