Tag Archives: Colluli project

Mining Contract Expressions of Interest Complete for World Class Colluli Project

Colluli is the largest and shallowest known evaporite deposit in the world with a solid form ore reserve estimate of over 1.1bn tonnes.

Danakali prepares to award mining contract. It has completed the expressions of interest process for mining contractors for the Colluli Project.

BY DANAKALI LTD

Danakali Limited (ASX:DNK) is pleased to advise that is has completed the expressions of interest (“EOI”) process for mining contractors for the Colluli Potash Project. The EOI phase is a precursor to the mining contract tendering process which will commence shortly.

Expressions of interest have been received from mining contracting firms based in Australia, South Africa, and the broader African continent. All parties have extensive experience in the African mining industry and specialise in open cut mining methods. Continue reading Mining Contract Expressions of Interest Complete for World Class Colluli Project

Power Generation Bids for Colluli Finalized

Danakali Limited advised that all bids for power generation for the Colluli Project have been received and a comprehensive evaluation of the tenders has commenced. Evaluation of the bids from the shortlisted parties is expected to be completed by late April, after which the preferred service provider will be selected and commercial terms finalised.

BY DANAKALI LTD.

Danakali (ASX:DNK) has commenced evaluating all the received bids for power generation at the proposed world class Colluli potash project located in Eritrea.

The bidding process followed an expressions of interest phase which was completed in January.

Colluli is the most advanced greenfield sulphate of potash (SOP) development in the world and is making good progress towards construction. Continue reading Power Generation Bids for Colluli Finalized

Danakali 2017 Colluli Project Update (VIDEO)

The world is about to sit up and take notice as the development phase begins for Danakali’s spectacular 1.3 billion tonne project in Eritrea.

By Danakali Ltd.,

Danakali Limited is pleased to release a new video for the world class Colluli Potash project, the most advanced greenfield sulphate of potash project globally.

The video highlights the characteristics which make Colluli positively unique and provides an overview of the fundamentals which underpin future demand growth for potash. Continue reading Danakali 2017 Colluli Project Update (VIDEO)

World Class Potash Project but Perceived Country Risk: Broker Report

Somers and Partners visited the Collui Potash project in Eritrea and assigned a BUY recommendation and $1.03 target price to Danakali

By Proactive Investors,

Danakali Ltd (ASX:DNK) is focused on the Colluli Project in Eritrea, with Somers and Partners making a site visit. The broker found the country to be safe, and they have assigned a Buy recommendation and $1.03 target price to Danakali.

The following is an extract from the report.

Initiating Coverage: World Class Project but Perceived Country Risk

Colluli Project is world class and production will be low cost Economically exploitable resources of sulphate of potash (SOP) are geologically scarce and this is the world’s largest undeveloped SOP reserve with a mine life in excess of 200 years. Continue reading World Class Potash Project but Perceived Country Risk: Broker Report

Danakali Enhances Outlook of Imminent Potash Definitive Feasibility Study (DFS)

New resource and operational testwork milestones at Colluli potash project in Eritrea has further improved the outlook for a definitive feasibility study (DFS) due in Q4 2015.

By Proactive Investors,

A string of new resource and operational testwork milestones at Danakali’s (ASX:DNK) Colluli potash project in Eritrea has further improved the outlook for a definitive feasibility study (DFS) due in Q4 2015.

A two-phase development approach rapidly being progressed for the DFS has prioritized opportunities that are being investigated for inclusion in the study to enable a highly robust, optimized and construction ready report.

This work has delivered an important rock salt resource and a 60% reduction in plant water requirements as well as advancements in the local approvals process, mine planning progress and several operational flow-sheet optimizations.  Continue reading Danakali Enhances Outlook of Imminent Potash Definitive Feasibility Study (DFS)

South Boulder Mines Continues to Advance the Colluli Potash Project

Colluli Deposit Facts :  World’s first open pit potash mining; very large resource with mine life up to 200 years; at surface deposit that is highly amenable to open pit mining methods; it is one of three projects globally to contain kainite salt; it is in close proximity to the Red Sea shipping corridor; Only 75km separates the mine site and the coastline; only 180km from the Port of Massawa – a 4 berth bulk and container terminal and the areas are mostly linked by the unsealed coastal highway; the climate and topography at Colluli and between the deposit and the coast are extremely favorable for an open pit mining Operation, solar evaporation and easy transportation.

By ABN Newswire,

EAST Africa focused emerging potash company South Boulder Mines (ASX:STB.AX – News) (OTCMKTS:SBMSY – News) is on the development path at its Colluli Potash Project in southern Eritrea, East Africa, where the company’s work on a pre-feasibility study is well advanced.

The Perth-based, ASX-listed company’s project hosts a large, high grade potassium bearing resource close to surface, in close proximity to the Eritrean coast and geographically favourable relative to key markets.  Continue reading South Boulder Mines Continues to Advance the Colluli Potash Project