Front End Engineering Design (FEED) strongly confirm Colluli as the world’s most advanced, economically attractive, and fundable Sulphate of Potash (SOP) greenfield development project
Danakali Ltd (ASX:DNK) has further improved the economics of its tier-1 Colluli Potash Project in Eritrea with a new study delivering industry-leading capital intensity and first quartile operating costs.
The Israeli fertilizer giant, Israel Chemicals (ICL), which was involved in potash mine development project in Ethiopia, filed a lawsuit against the Ethiopian government at The Hague International Arbitration Court.
The project received social and environmental approval in December, and globally recognised engineering and construction firm Fluor has been appointed to lead the front end engineering design (FEED) and optimisation process.
The approvals process for the mining agreement and mining licence are extremely well progressed.
The key to the appealing project is the unrivalled, non-brine Colluli resource. It offers huge scope: it contains a shallow, 1.1 billion tonne ore reserve comprising over 200 million tonnes of sulphate of potash (SOP), a 347 million tonne high quality rock salt resource, and an 80 million tonne magnesium sulphate resource. Continue reading Peerless Potash Project Progresses→