BY PROACTIVE INVESTORS Never mind Sirius Minerals, Danakali Limited (LON:DNK) is set to become the world’s largest player in the potash field, broker Daniel Stewart said. In a research note entitled “Danakali Limited: Probably the best mine in the world”, the broker said the company’s 50 percent owned Colluli asset in Eritrea is “recognized as […]
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Production costs of about US$250 per tonne imply a healthy profit margin based on SOP projected prices of more than US$500 per tonne. BY TREVOR HOEY | PROACTIVE INVESTORS Danakali Ltd’s (ASX:DNK) Colluli Potash Project in the Danakil Depression region of Eritrea, East Africa, is the world’s largest undeveloped Sulphate of Potash (SOP) deposit. With […]
Continue ReadingBy ProActiveInvestors, South Boulder Mines (ASX: STB) has provided an update of the economic model for its Colluli Potash Project in Eritrea. The company has generated a staged development scenario based on the key elements of the two previous Engineering Scoping Studies (ESS-1 and ESS-2) and the in progress Definitive Feasibility Study (DFS). The staged development […]
Continue ReadingBy Proactive Investors, South Boulder Mines (ASX: STB) continues to deliver a string of high grade potash hits from the Colluli Potash Project in Eritrea. The importance of the first “partial hole assays” returned from upper mineralised zones in 9 holes have confirmed Area B as a significant addition to the Colluli Potash Project, with […]
Continue ReadingBy TesfaNews, Ethiopia’s prime minister Meles Zenawi, in his latest interview with the self proclaimed Eritrea Opposition website, disclosed that in the immediate future, the Eritrean port of Tio is strategic and more economically important to Ethiopia than the traditional Assab and Massawa ports. He said that under the current prospects in Ethiopia, even if […]
Continue Readingproactiveinvestors.com.au The major potash play South Boulder Mines received a speeding ticket form the ASX (Australian Stock Exchange) yesterday in the form of a price and volume query, after the company’s shares jumped 25% in intra-day trade to $6.25, from $5.00 on Friday 25 February. South Boulder said there was no material information that had […]
Continue Readingngexresources.com The Bada Potash Exploration License is located in the Danakil Depression in Eritrea. This large license, encompassing over 431 square kilometers, is located 30 kilometres inland from the Red sea port of Mersa Fatma and 150 kilometres southeast of the capital city of Asmara.
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