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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Eritrea’s Colluli potash project is the world’s largest and most advanced Sulphate of Potash (SOP) greenfield development project with a mine life in excess of 200 years. Australia’s Danakali Ltd. (ASX: DNK) has agreed to sell its 50 per cent shareholding in its flagship Colluli potash project in Eritrea, almost 13 years after partnering with […]
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BY DAVID McKAY | MININGMX The chances of Danakali building up to full potash production from its Colluli project in Eritrea on schedule were “diminishing”, said the firm’s chairman, Seamus Cornelius. Commenting in his annual review, Cornelius was blunt in his assessment following the collapse in Danakali shares in March.
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Danakali share price drops 7.5 percent today after the company says no tranche 2 AFC funding ($28.5 million) before the deadline. BY CECILIA JAMASMIE | MINING[dot]COM Shares in Australia’s Danakali (ASX, LON:DNK) fell 7.5% to 31 Australian cents on Monday after the miner, which is trying to bring a potash project in Eritrea closer to […]
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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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Danakali has been given the final green light from the Eritrean Ministry of Energy and Mines to develop its world-class Colluli potash project BY TESFANEWS * Australia’s Danakali (ASX, LON:DNK) is closer to getting its Colluli potash project off the ground after the Eritrean Ministry of Energy & Mines (MoEM) accepted the company’s development plan […]
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This takes Colluli closer to the construction phase and then into production in 2022 BY CECILIA JAMASMIE | MINING DOT COM Australia’s Danakali (ASX, LON:DNK) has finished the first phase of development of its world-class Colluli potash project in Eritrea, Africa, which takes the company a step closer to the construction phase and then onto […]
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EPCM contractor DRA Global has started project management activities and mobilized its own engineering group for the process plant and associated infrastructure work. 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 […]
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