The Australian miner sold its 50 percent stake in the flagship Colluli potash project in Eritrea to China’s SRBG for $121 million net Potash developer Danakali Ltd (ASX:DNK, LSE:DNK) has struck a $166-million binding share sale agreement (SSA) with Sichuan Road and Bridge Group to sell its 50% shareholding in the Colluli sulphate of potash […]
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As COVID-19 restrictions are relaxed in Eritrea and it now has access to Colluli, the company can prepare for construction. BY RACHEL MIDDLETON | PROACTIVE INVESTORS Danakali Ltd (ASX:DNK) (LON:DNK) (OTCMKTS:SBMSF) will continue to focus on closing the required financing and progressing with project development of the Colluli Sulphate of Potash Project in Eritrea during […]
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Credit approval is a critical project financing and execution milestone, a strong endorsement for Eritrea and the calibre of the Project. BY SIMONE LIEDTKE | MINING WEEKLY Danakali has obtained formal credit approval from the Africa Finance Corporation (AFC) and African Export Import Bank (Afreximbank) to provide the Colluli Mining Share Company (CMSC) with $200-million […]
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Executive summary BY DANAKALI LTD. Danakali is developing the Colluli Potash Project (Colluli, or the Project), an advanced and economically attractive Sulphate of Potash (SOP) development project. Colluli is ‘shovel ready’; all material permits are in place, binding take-or-pay offtake has been achieved and Front End Engineering Design (FEED) has firmly established Colluli as an […]
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‘We are shovel-ready … so as soon as we secure the full funding, we will start construction, and production will be in 2021’ BY PROACTIVE INVESTORS Danakali Ltd (ASX:DNK) (LON:DNK) executive chairman Seamus Cornelius updates Proactive Investors on the potash developer’s recent execution of a mandate to provide fully underwritten debt finance facilities of US$200M […]
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Front End Engineering Design (FEED) strongly confirm Colluli as the world’s most advanced, economically attractive, and fundable Sulphate of Potash (SOP) greenfield development project BY TESFANEWS Danakali Ltd (ASX:DNK) has further improved the economics of its tier-1 Colluli Potash Project in Eritrea with a new study delivering industry-leading capital intensity and first quartile operating costs. The […]
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The world is about to sit up and take notice as the development phase begins for Danakali’s (AU:DNK) spectacular 1.3 billion tonne project in Eritrea. By MiningNews.Net The project received social and environmental approval in December, and globally recognised engineering and construction firm Fluor has been appointed to lead the front end engineering design (FEED) […]
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By CapEri, Danakali (ASX:DNK) joined the Fertilizer Association of India (FAI) as an overseas associate member seeking a possible future foothold in the market. The FAI is a non-profit and non-trading company representing mainly fertilizer manufacturers. It was established in 1955 with the objective of bringing together all parties concerned with the production, marketing and […]
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