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.
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
The accommodation camp is designed to accommodate 600 during the production phase with the flexibility for 1,115 during the construction phase.
RA International will supply, deliver, and install a mine accommodation camp, as well as a plant administration and service facilities for the Colluli mine site. (Photo: RA International)
RACHEL MIDDLETON | PROACTIVE INVESTORS
Danakali Limited (ASX:DNK) (LSE:DNK) (OTCMKTS:SBMSF) has appointed RA International Group PLC (LON:RAI) as the preferred contractor for the supply of accommodation, support services, and other infrastructure buildings for the Colluli SOP Project development in Eritrea. Continue reading RA International Secures Contract to Supply Accommodation Camps for Colluli Mine
“Our immediate priority for 2019 will be the completion of the funding process, which will allow us to be in the position to proceed with moving into development later
The project is now ‘shovel ready’ with all permits in place, binding take-or-pay offtake achieved, and FEED study establishing Colluli as an advanced Sulphate of Potash (SOP) development.
JESSICA CUMMINS | PROACTIVE INVESTORS
Danakali Ltd (ASX:DNK) has established a clear strategy to bring the Colluli Sulphate of Potash (SOP) Project in the northeast African country of Eritrea into development later this year after delivering a transformative year in 2018. Continue reading Danakali to Bring Eritrea Potash Project into Development This Year
Danakali’s bosses believes that the Eritrea project is the only known sulphate of potash greenfield development to have completed front-end engineering design. It’s shovel-ready and unlikely to be leapfrogged.
As Sirius Minerals, Berkeley Energia and SolGold have shown in the past year, backing early-stage mining projects can be a frustrating, volatile yet sometimes exciting business. Investing in an unfinanced potash project in Eritrea, less than half a year after the country emerged from UN sanctions, certainly fits the volatile category. Continue reading Danakali’s Eritrean Promise
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.
TIM TREADGOLD | FORBES
It’s not easy for most investors to get excited about potash, a fertiliser — and less so about Eritrea, a north African country which spent years on a United Nations sanctions list.
But times do change and there is a small company poised to benefit from growing global fertiliser demand and the international rehabilitation of Eritrea.
Continue reading World Class Potash Project In Eritrea Moves Closer To Development
‘We are shovel-ready … so as soon as we secure the full funding, we will start construction, and production will be in 2021’
Danakali Ltd (ASX:DNK) (LON:DNK) executive chairman Seamus Cornelius updates Proactive Investors on the potash developer’s recent e to provide fully underwritten debt finance facilities of US$200M to fund and construct its Colluli Potash Project in Eritrea. execution of a mandat Continue reading Danakali ‘Shovel-ready’ at Colluli following Execution of US$200m Debt Finance Mandate