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. Continue reading Danakali’s 2022 Potash Target Unlikely, as All Options Sought for Funding
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 construction, said its second loan tranche from the Africa Finance Corporation (AFC) was set to fall through. Continue reading Danakali Shares Drop After Second AFC Loan Set to Fall Through
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 the remainder of 2020. Continue reading Danakali Aims Funding the Balance Required to Bring Colluli into Production
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 for the mine. Continue reading Eritrea Approved Colluli Project Development Plan
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 production in 2022. Continue reading Danakali Finished First Phase of Eritrea Potash Project
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 Eritrea. Continue reading Danakali Begins Work at Colluli Potash Project