Tag Archives: Lorry Hughes

Eritrea Intent to Buy a 30% Stake in the Colluli Potash Project: South Boulder

Colluli Potash Fertilizer Project in Eritrea where mine production of 1Mt p.a. is scheduled for 2016 or sooner from the world's first open cut potash mine

By  South Boulder Mines,

South Boulder Mines (ASX: STB) has received a further vote of confidence in the company’s Colluli Potash Project from the Eritrean Government, with potential for a joint venture agreement.

The government has requested that South Boulder submit a proposal to begin discussions regarding the Eritrean National Mining Corporation’s (ENAMCO) intention to acquire up to a 30% paid participating interest in Colluli.  Continue reading Eritrea Intent to Buy a 30% Stake in the Colluli Potash Project: South Boulder

World’s First Open Pit Potash Mine in Eritrea to Start Production in 2016

A pile of processed Potash

MiningWeekly,

Minerals developer South Boulder Mines plans to open the world’s first open pit potash mine in Eritrea in 2016, MD Lorry Hughes said on Friday. He said that a definitive feasibility study had commenced on the Colluli potash project, which would cost between $500-million and $750-million to deliver.

We are targeting an initial production rate of between one- and two-million tons of potash,” Hughes said. Continue reading World’s First Open Pit Potash Mine in Eritrea to Start Production in 2016