Tag Archives: Marsa Fatuma Port

Colluli Potash Project in Eritrea will Define a New Path Forward

At only 70km from sea port and 16m below the surface, the Colluli potash project in Eritrea is the closest to coast, shallowest and the only open cut mining in the world

Shallow mineralisation, closest to coast and proximity to key markets are the strategic advantages Colluli deposit have compared to traditional potash basins of Canada and Russia or any other in the world.
Shallow mineralisation, closest to coast and proximity to key markets are the strategic advantages Colluli deposit have compared to traditional potash basins of Canada and Russia or any other in the world.

By Inside Briefing,

The following is an Inside Briefing interview with South Boulder Mines Chief Executive Paul Donaldson. In this interview, Paul Donaldson provides an update on South Boulder Mines (ASX: STB, market capitalisation: ~$25.7m) and its Colluli potash project in Eritrea.

Mr Donaldson explains the testwork that is about to begin on the various Colluli processing options, the key cost advantages associated with the unusually-shallow nature of the resource, the premium product suite which can be derived from this high-quality resource and the strong outlook for potash prices.  Continue reading Colluli Potash Project in Eritrea will Define a New Path Forward

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