By Mining Journal, JP Morgan is no stranger to Eritrea and already has an interest in Canada’s Nevsun Resources which operates Bisha, one of the few producing mines (copper-zinc) in the hugely under-developed East Africa country. Two years ago, there were rumours QKR Corp, a mining fund headed by former JP Morgan banker Lloyd Pengilly, […]
Continue ReadingColluli Potash Project in Eritrea: It is the world’s shallowest deposit – the only open pit deposit in the world – the world’s closest to the coast (65Km) potash deposit, and – the lowest mining cost in the industry (US$75 per tonne). Under the new estimation, its mine life has now increased from 50 to 200 years By Proactive Investors, SOUTH Boulder […]
Continue ReadingNew High Grade Potash Zone Discovered at Colluli – The World’s First open pit Potash Mine By John Phillips, South Boulder Mines (ASX: STB) continues to deliver a positive newsflow from the Colluli Potash Project in Eritrea, with the latest instalment a new high grade potash zone. This discovery comes just a week after the resource […]
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 […]
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