The placement takes AFC’s total participation to US$150 million – US$50M in Danakali equity plus US$100M of credit approved Colluli Mining Share Company (CMSC) senior debt – which demonstrates their major and long-term commitment to the project, Danakali and Eritrea. BY SARAH BUKLEY | AUSTRALIAN MINING Perth-based potash company Danakali has announced a US$50 million […]
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BY MINING REVIEW Comfortably proven to be able to produce sulphate of potash (SOP) – a premium grade of fertilizer – over an almost 200 year mine life, the company has optionality to expand Colluli’s product suite with a host of potentially viable future products being explored.
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BY TESFANEWS* Danakali Ltd (ASX:DNK) has announced that Afreximbank has formally granted credit approval to provide a US$42 million guarantee for the construction of power plant for the Colluli Potash Project in Eritrea.
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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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The Colluli potash deposit in Eritrea could meet the entire world’s demand for 30 years. BY CECILIA JAMASMIE | MINING[DOT]COM Australia’s Danakali (ASX, LON:DNK) is closer than ever to beginning the development of its world-class Colluli potash project in Eritrea, which is expected to become one of the world’s most significant and lowest cost sources […]
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BY CECILIA JAMASMIE | MINING.COM Australia’s Danakali’s (ASX, LON:DNK) said Monday it was about to close debt financing agreements worth $200 million with two African financial institutions, which will allow it fund construction and growth of its flagship Colluli potash project in Eritrea.
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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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The promotion of Niels Wage comes ‘with project funding well progressed and project execution set to commence’ in Eritrea. BY PROACTIVE INVESTORS Danakali Ltd (ASX:DNK) (LSE:DNK) has appointed highly experienced potash industry executive Niels Wage as chief executive officer following a thorough global search. The appointment is timely as Danakali finalizes funding and begins project […]
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