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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BY SAMUEL HABTEMICHAEL | SHABAIT The Society of Eritrean Earth Scientists and Mining Engineers (SEESME) conducted its founding congress at the National Confederation of Eritrean Workers (NCEW) Hall on 13 December 2019. After so long, Eritrean professionals in Geology, Mining Engineering, Process Engineering and other related fields of earth science lived to see the day.
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Listing on London Stock Exchange (LSE) for increased liquidity and access to funds BY DANAKALI LTD Following a comprehensive review of the potential benefits of dual listing on the London Stock Exchange (LSE), Danakali Limited (ASX: DNK) (Danakali, or the Company) is pleased to announce that the Danakali Board of Directors has approved the Company […]
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BY PROACTIVE INVESTORS Danakali Ltd (ASX:DNK) and its 50:50 joint venture partner, the Eritrean National Mining Corporation (ENAMCO), continue to advance key operational contracts at the Colluli Sulphate of Potash Project.
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By Edmund Blair | for Reuters, Eritrea expects to have four mines in operation by 2018 producing gold, copper, zinc and potash as one of Africa’s poorest nations looks to build an industry that can kick-start its economy, a top mining official told Reuters. Eritrea’s artisanal miners have long scratched for gold nuggets on deposits […]
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By TesfaNews, The Koka gold mining project, located within the Zara project area in Eritrea and operated by Zara Mining Share Company (ZMSC), have started commercial production of gold. ZMSC, a joint venture company established between China SFECO Group (60%) and the Eritrean National Mining Corporation ENAMCO (40%), have already sent its first gold pour to […]
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By Danakali Ltd., Danakali Limited (Danakali, ASX: DNK) is pleased to announce the results of the Definitive Feasibility Study (DFS) for the Colluli Potash Project (Colluli, or the Project), located in Eritrea, East Africa. The Project is 100% owned by the Colluli Mining Share Company (CMSC), a 50:50 joint venture between Danakali and the Eritrean […]
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By Sunridge Gold, Sunridge Gold Corp. (SGC: TSX.V/SGCNF: OTCQX) is pleased to announce that the Asmara Mining Share Company (AMSC) has signed a Mining Agreement with the Eritrean Ministry of Energy and Mines (MEM) and as a result three mining licenses will subsequently be issued to AMSC. These licenses will cover the four advanced projects […]
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