Tag Archives: Colluli

Danakali Aims Funding the Balance Required to Bring Colluli into Production

As COVID-19 restrictions are relaxed in Eritrea and it now has access to Colluli, the company can prepare for construction.

Danakali aims to close the required financing in the remainder of 2020 to bring the Colluli Sulphate of Potash project into production. Colluli remains on track for production in 2022.

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 the remainder of 2020. Continue reading Danakali Aims Funding the Balance Required to Bring Colluli into Production

Danakali Secured US$200 million for Colluli Potash Project in Eritrea

Credit approval is a critical project financing and execution milestone, a strong endorsement for Eritrea and the calibre of the Project.

Danakali obtained formal credit approval from AFC and Afreximbank to provide the Colluli Mining Share Company in Eritrea with $200-million in senior debt finance.

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 in senior debt finance. Continue reading Danakali Secured US$200 million for Colluli Potash Project in Eritrea

Danakali Releases 2018 Annual Report

Executive summary

The Colluli potash project in Eritrea is now not only the world’s largest and most advanced but also economically attractive and fundable Sulphate of Potash (SOP) greenfield development project, with a mine life in excess of 200 years.

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 advanced and attractive SOP greenfield development project. Continue reading Danakali Releases 2018 Annual Report

Danakali ‘Shovel-ready’ at Colluli following Execution of US$200m Debt Finance Mandate

‘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 to fund and construct its Colluli Potash Project in Eritrea. Continue reading Danakali ‘Shovel-ready’ at Colluli following Execution of US$200m Debt Finance Mandate

FEED Study Completion Confirms Colluli the Most Advanced Potash Project

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

Front End Engineering Design (FEED) is the final study stage before project execution at the world class Colluli potash project in Eritrea.

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 front end engineering design (FEED) study has confirmed Colluli as the world’s most advanced, economically attractive, and fundable Sulphate of Potash (SOP) greenfield development project. Continue reading FEED Study Completion Confirms Colluli the Most Advanced Potash Project

Peerless Potash Project Progresses

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.

Positively Unique. Colluli is one of the most advanced greenfield sulfate of potash (SOP) developments in the world and demonstrates outstanding economics including industry leading capital intensity, bottom quartile operating costs, close proximity to the coast and key markets, and unrivaled product diversification potential.

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) and optimisation process.

The approvals process for the mining agreement and mining licence are extremely well progressed.

The key to the appealing project is the unrivalled, non-brine Colluli resource. It offers huge scope: it contains a shallow, 1.1 billion tonne ore reserve comprising over 200 million tonnes of sulphate of potash (SOP), a 347 million tonne high quality rock salt resource, and an 80 million tonne magnesium sulphate resource. Continue reading Peerless Potash Project Progresses

Danakali Joins Fertilizer Association of India

Danakali is an emerging Agrichemical company developing a world-class potash project in Eritrea.

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 use of fertilizers. Continue reading Danakali Joins Fertilizer Association of India

Danakali’s Colluli Potash DFS – Looking Good

Colluli potash resource in Eritrea is positively unique and truly a world class in every way.  Application for mining license will follow after the definitive feasibility study (DFS) completed by the year end.

By Laura Cornish | for Mining Review,

ASX-listed potash company Danakali has made “excellent” progress on the definitive feasibility study (DFS) for its Colluli potash project (Colluli) in 2015 which is on schedule for completion in Q4, 2015.

The project is 100% owned by the Colluli Mining Share Company (CMSC), a 50:50 joint venture between Danakali and the Eritrean National Mining Company (ENAMCO). This progress follows the release of highly favourable pre-feasibility study (PFS) results earlier in the year. Continue reading Danakali’s Colluli Potash DFS – Looking Good