The Chinese company SRBG has completed the acquisition of a 50% stake in the Colluli potash project in Eritrea from Australia’s Danakali Ltd by paying the first installment of $105 million. Australia’s Danakali (ASX: DNK) has completed the sale of its 50% stake in the Colluli potash project in Eritrea, Africa, 13 years after partnering […]
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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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Eritrea’s Colluli potash project is the world’s largest and most advanced Sulphate of Potash (SOP) greenfield development project with a mine life in excess of 200 years. Australia’s Danakali Ltd. (ASX: DNK) has agreed to sell its 50 per cent shareholding in its flagship Colluli potash project in Eritrea, almost 13 years after partnering with […]
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Ambassador Cai Ge unveils the new, half-billion-dollar polymetallic mine project in Asmara. BY TESFANEWS Chinese ambassador to Eritrea, Cai Ge, cut the ribbon to officially inaugurate Eritrea’s new polymetallic mine – the Asmara project. The Asmara Mining Share Company, the holder of the Asmara Project in Eritrea, is a 60:40 joint venture between Chinese SRBM and […]
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BY DAVID McKAY | MININGMX The chances of Danakali building up to full potash production from its Colluli project in Eritrea on schedule were “diminishing”, said the firm’s chairman, Seamus Cornelius. Commenting in his annual review, Cornelius was blunt in his assessment following the collapse in Danakali shares in March.
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Danakali share price drops 7.5 percent today after the company says no tranche 2 AFC funding ($28.5 million) before the deadline. BY CECILIA JAMASMIE | MINING[dot]COM Shares in Australia’s Danakali (ASX, LON:DNK) fell 7.5% to 31 Australian cents on Monday after the miner, which is trying to bring a potash project in Eritrea closer to […]
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BY ROBIN BROMBY | SMALL CAPS Emerging sulphate of potash (SOP) producer Danakali (ASX: DNK) has passed another key step in Eritrea and now heads for production, not only with Asian markets in mind, but plans to realise huge potential in food-hungry Sub-Saharan Africa.
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BY SANY On July 23, Eritrean mining giant Bisha Mining Share Company (BISHA) took delivery of nine SRT95C dump trucks it ordered earlier this year from SANY.
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