Tag Archives: Potash mining

JP Morgan Becomes a Substantial Holder of Danakali Ltd

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, was close to making a bid for Nevsun, headquartered in Vancouver. Continue reading JP Morgan Becomes a Substantial Holder of Danakali Ltd

Colluli Potash Mine Life Estimate Exceeds 200 Years

Colluli 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

Colluli Potash mine is the closest to coast potash deposits in the world and located near to the key growth markets for potassium fertiliser – primarily India and China

By Proactive Investors,

SOUTH Boulder Mines (ASX:STB) is making steady progress at its Colluli Potash Project in Eritrea, where it is conducting economic assessments and project planning that could confirm its potential to process all salts present.

This includes potassium sulphate, a premium potassium fertiliser which currently carries a price premium of approximately $300 per tonne, is ongoing.

This could deliver a significant boost to Colluli’s economics, including a considerably lower strip ratio and therefore reduced costs.  Continue reading Colluli Potash Mine Life Estimate Exceeds 200 Years

New High Grade Potash Zone Discovered at Colluli

New High Grade Potash Zone Discovered at Colluli – The World’s First open pit Potash Mine 

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 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 almost doubled to 1.08 billion tonnes at 18% KCl for 194 million tonnes of potash, and bodes well for future resource upgrades.

The combination of the shallow nature of this additional mineralisation, and the high-grade and strategic location, means it has strong potential to boost Collulis economics, particularly in the early phase of the project. Continue reading New High Grade Potash Zone Discovered at Colluli

South Boulder Mines Eyes Potash JORC Update After Latest High Grade Hits at Colluli

South Boulder has set an exploration target of 1.25 to 1.75 billion tonnes of potash that is worth 150 Billion dollars

By 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 the results continuing to support the project Exploration Target of 1.25 – 1.75 billion tonnes at 18-20% KCl.

South Boulder said that the continuous zones containing sylvinite, carnallite / kieserite and kainitite mineralisation have been identified in 18 of 22 holes drilled at Area B to date. Boosting the potential of the project even further is that the holes are open in all directions. Continue reading South Boulder Mines Eyes Potash JORC Update After Latest High Grade Hits at Colluli