Tag Archives: Potash Project

FEED Study Completion Confirms Colluli the Most Advanced Potash Project

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

Front End Engineering Design (FEED) is the final study stage before project execution at the world class Colluli potash project in Eritrea.

BY TESFANEWS

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 front end engineering design (FEED) study has confirmed Colluli as the world’s most advanced, economically attractive, and fundable Sulphate of Potash (SOP) greenfield development project. Continue reading FEED Study Completion Confirms Colluli the Most Advanced Potash Project

Danakali Set for Strong Finish to 2017 at Eritrean Potash Project

Completion of front-end engineering design (FEED) further cements Colluli as the most advanced SOP project globally

Danakali is on track for a strong finish to 2017 with the completion of the FEED phase imminent, offtake discussions well advanced, equity and debt strategy progressing, secondary listing on the London Stock Exchange (LSE) underway, and a solid cash position as it progresses to full engineering and construction of the Colluli Potash Project.

BY PROACTIVE INVESTORS

Danakali Ltd (ASX:DNK) is increasing its focus on firming offtake agreements and advancing debt and financing at the Colluli Potash Project in Eritrea.

This work comes as the company, which is seeking a secondary listing in the UK, finalises studies, including the front-end engineering design (FEED) phase. Continue reading Danakali Set for Strong Finish to 2017 at Eritrean Potash Project

Israel Chemicals (ICL) Files $198 million Lawsuit Against Ethiopian Gov’t

Fertilizer heavyweight Israel Chemicals (ICL) files a $198 million compensation lawsuit against the Ethiopian government for losses it incurred due to the latter’s ‘failure to provide the necessary infrastructures and regulatory framework’.

BY THE REPORTER

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 fertilizer producer, ICL, abandoned the potash mine development project in the Afar Regional State in the Dallol Depression and pulled out of Ethiopia due to a controversial tax claim in October 2016. Continue reading Israel Chemicals (ICL) Files $198 million Lawsuit Against Ethiopian Gov’t

Power Generation Bids for Colluli Finalized

Danakali Limited advised that all bids for power generation for the Colluli Project have been received and a comprehensive evaluation of the tenders has commenced. Evaluation of the bids from the shortlisted parties is expected to be completed by late April, after which the preferred service provider will be selected and commercial terms finalised.

BY DANAKALI LTD.

Danakali (ASX:DNK) has commenced evaluating all the received bids for power generation at the proposed world class Colluli potash project located in Eritrea.

The bidding process followed an expressions of interest phase which was completed in January.

Colluli is the most advanced greenfield sulphate of potash (SOP) development in the world and is making good progress towards construction. Continue reading Power Generation Bids for Colluli Finalized

Danakali 2017 Colluli Project Update (VIDEO)

The world is about to sit up and take notice as the development phase begins for Danakali’s spectacular 1.3 billion tonne project in Eritrea.

By Danakali Ltd.,

Danakali Limited is pleased to release a new video for the world class Colluli Potash project, the most advanced greenfield sulphate of potash project globally.

The video highlights the characteristics which make Colluli positively unique and provides an overview of the fundamentals which underpin future demand growth for potash. Continue reading Danakali 2017 Colluli Project Update (VIDEO)

Peerless Potash Project Progresses

The world is about to sit up and take notice as the development phase begins for Danakali’s (AU:DNK) spectacular 1.3 billion tonne project in Eritrea.

Positively Unique. Colluli is one of the most advanced greenfield sulfate of potash (SOP) developments in the world and demonstrates outstanding economics including industry leading capital intensity, bottom quartile operating costs, close proximity to the coast and key markets, and unrivaled product diversification potential.

By MiningNews.Net

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