Tag Archives: Potash Projects

Danakali: Ballieu Holst Delivers Postcard from Eritrea

danakali colluli site
“Eritrea is not as portrayed on Google or YouTube… we found the Eritrean people friendly, proud and very patriotic … the government is supportive, … pragmatic,… exhibit no signs of corruption.” – Ballieu Holst Ltd, Mining analysts.

By Matthew Spizziri | for Investing News,

A recent report by Ballieu Holst Research highlighted Danakali Ltd. (ASX:DNK; OTC:DNKLY) and the Colluli Sulphate of Potash (SOP) project in Eritrea. The deposit is globally unique and demonstrates industry leading capital intensity for the production of the premium potash type (SOP), and has the ability to produce a broad range of potash products.

As quoted in the latest broker research report: Continue reading Danakali: Ballieu Holst Delivers Postcard from Eritrea

World Class Potash Project but Perceived Country Risk: Broker Report

Somers and Partners visited the Collui Potash project in Eritrea and assigned a BUY recommendation and $1.03 target price to Danakali

By Proactive Investors,

Danakali Ltd (ASX:DNK) is focused on the Colluli Project in Eritrea, with Somers and Partners making a site visit. The broker found the country to be safe, and they have assigned a Buy recommendation and $1.03 target price to Danakali.

The following is an extract from the report.

Initiating Coverage: World Class Project but Perceived Country Risk

Colluli Project is world class and production will be low cost Economically exploitable resources of sulphate of potash (SOP) are geologically scarce and this is the world’s largest undeveloped SOP reserve with a mine life in excess of 200 years. Continue reading World Class Potash Project but Perceived Country Risk: Broker Report

South Boulder Proposes a 50/50 Profit Share for Colluli Potash Project in Eritrea

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 South Boulder Mines,

South Boulder Mines Ltd (ASX: STB) (“South Boulder” or “The Company”) wishes to provide an update on negotiations with the Eritrean Government regarding its participation interest in the Colluli Potash Project.

In March 2012, South Boulder provided the Eritrean National Mining Corporation (“ENAMCO”) with a proposal for ENAMCO to acquire a 30% paid participating interest in the Colluli Potash Project (in addition to ENAMCO’s right to a free-carried 10% interest).  Continue reading South Boulder Proposes a 50/50 Profit Share for Colluli Potash Project in Eritrea