Danakali Completes 50 Percent Stake Sale in Eritrean Potash Project

China’s SRBG Acquires 50 Percent Stake in Eritrea Potash Project

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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Chinese Company to Acquire Stake in Eritrea SOP Project for US$166m

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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Danakali Begins Work at Colluli Potash Project

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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Mining Firms Welcome Lifting of Eritrea Sanctions

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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LSE Listing, Off-take Agreement and Peace Deal, Danakali Emerges on Bigger Stage

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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Danakali and EuroChem Sign Binding “Take-or-Pay” Offtake Deal for Full Production from Colluli Potash Project in Eritrea

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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