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. Continue reading Danakali’s 2022 Potash Target Unlikely, as All Options Sought for Funding
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 construction, said its second loan tranche from the Africa Finance Corporation (AFC) was set to fall through. Continue reading Danakali Shares Drop After Second AFC Loan Set to Fall Through
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. Continue reading Danakali Outlines Huge Potash Potential on its Africa Doorstep
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. Continue reading SANY Delivers Dump Trucks to Eritrea Mine
As COVID-19 restrictions are relaxed in Eritrea and it now has access to Colluli, the company can prepare for construction.
BY RACHEL MIDDLETON | PROACTIVE INVESTORS
Danakali Ltd (ASX:DNK) (LON:DNK) (OTCMKTS:SBMSF) will continue to focus on closing the required financing and progressing with project development of the Colluli Sulphate of Potash Project in Eritrea during the remainder of 2020. Continue reading Danakali Aims Funding the Balance Required to Bring Colluli into Production
BY LEON LOUW | ELNAZA NEWS
Potash is an important fertilizer. The Australian company Danakali is developing the Colluli potash project in Eritrea and expects to bring it into production in 2022.
With a growing world population, demand for food will increase, while the availability of arable land is expected to shrink. Potash, an important fertilizer, could be a game-changer for Eritrea and other African countries. Continue reading Potash – A Game Changer For Eritrea’s Economy