Tag Archives: ENAMCO South Boulder Alternative Deal

South Boulder Proposes a 50/50 Profit Share for Colluli Potash Project in Eritrea

South Boulder indicated that Colluli has now a 1.08 billion tonnes of 18% grade for 194 million tonnes of contained potash which is an 85 percent increase in reserves

By South Boulder Mines,

South Boulder Mines Ltd (ASX: STB) (“South Boulder” or “The Company”) wishes to provide an update on negotiations with the Eritrean Government regarding its participation interest in the Colluli Potash Project.

In March 2012, South Boulder provided the Eritrean National Mining Corporation (“ENAMCO”) with a proposal for ENAMCO to acquire a 30% paid participating interest in the Colluli Potash Project (in addition to ENAMCO’s right to a free-carried 10% interest).  Continue reading South Boulder Proposes a 50/50 Profit Share for Colluli Potash Project in Eritrea