Tag Archives: Colluli Potash

Danakali Outlines Huge Potash Potential on its Africa Doorstep

Danakali has long seen Asia, particularly India, as a prime market. But its most recent presentation indicates that Africa is now also at the forefront of its business thoughts.

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. Continue reading Danakali Outlines Huge Potash Potential on its Africa Doorstep

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.

Danakali begins work to get Eritrean potash project off the ground.

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 Eritrea. Continue reading Danakali Begins Work at Colluli Potash Project

Danakali to Secure $200m Financing for Potash Project in Eritrea

Colluli is close to the Port of Massawa, which has been utilized by Nevsun’s (now Zijin’s) Bisha copper-zinc mine for almost 10 years.

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. Continue reading Danakali to Secure $200m Financing for Potash Project in Eritrea

Mining Firms Welcome Lifting of Eritrea Sanctions

A decision by the UN Security Council to lift sanctions it imposed nearly a decade ago against Eritrea should have a positive impact on foreign investment and enhance international trade opportunities, leading to improved economic outcomes for the people of Eritrea, said potash mining company Danakali chairperson Seamus Cornelius.

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. Continue reading Mining Firms Welcome Lifting of Eritrea Sanctions

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.

With the London Stock Exchange (LSE) listing, offtake agreement, and Ethiopia-Eritrea developments, Danakali found itself in the geopolitically fertile ground to take the outstanding potash project forward.

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 tonne sulphate of potash project in the Danakil basin. Continue reading LSE Listing, Off-take Agreement and Peace Deal, Danakali Emerges on Bigger Stage

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.

Upcoming potash producer Danakali signed a binding “take-or-pay” offtake agreement with Europe’s largest Phosphate fertilizer company EuroChem for up to 100% of module I Sulphate of Potash (SOP) production for the next 10 years.

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

ISI to Provide Power for Colluli Potash Project

Inglett and Stubbs International (ISI) as been appointed as the preferred power supplier for Colluli potash project by Danakali Ltd and its joint Venture partner ENAMCO.

BY DANAKALI LTD

Danakali Limited (ASX:DNK) and its Joint Venture Partner, the Eritrean National Mining Corporation (ENAMCO) are pleased to advise that Inglett and Stubbs International (“ISI”) has been appointed as the preferred power provider for the Colluli Sulphate of Potash Project. Continue reading ISI to Provide Power for Colluli Potash Project

Danakali Secures A$12.5m for Colluli Project

Danakali has received commitments from institutional and sophisticated investors in the United Kingdom and Australia to raise A$12.25m in a Placement priced at $0.62 for 20 million new ordinary shares.

BY PROACTIVE INVESTORS

Danakali (ASX:DNK) has secured $12.25 million after receiving commitments from institutional and sophisticated investors in the United Kingdom and Australia for the issue of 20 million new ordinary shares in a placement priced at $0.62. Continue reading Danakali Secures A$12.5m for Colluli Project