BY DAVID McKAY | MININGMX The chances of Danakali building up to full potash production from its Colluli project in Eritrea on schedule were “diminishing”, said the firm’s chairman, Seamus Cornelius. Commenting in his annual review, Cornelius was blunt in his assessment following the collapse in Danakali shares in March.
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As COVID-19 restrictions are relaxed in Eritrea and it now has access to Colluli, the company can prepare for construction. BY RACHEL MIDDLETON | PROACTIVE INVESTORS Danakali Ltd (ASX:DNK) (LON:DNK) (OTCMKTS:SBMSF) will continue to focus on closing the required financing and progressing with project development of the Colluli Sulphate of Potash Project in Eritrea during […]
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BY LEON LOUW | ELNAZA NEWS Potash is an important fertilizer. The Australian company Danakali is developing the Colluli potash project in Eritrea and expects to bring it into production in 2022. With a growing world population, demand for food will increase, while the availability of arable land is expected to shrink. Potash, an important […]
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The placement takes AFC’s total participation to US$150 million – US$50M in Danakali equity plus US$100M of credit approved Colluli Mining Share Company (CMSC) senior debt – which demonstrates their major and long-term commitment to the project, Danakali and Eritrea. BY SARAH BUKLEY | AUSTRALIAN MINING Perth-based potash company Danakali has announced a US$50 million […]
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BY TESFANEWS* Danakali Ltd (ASX:DNK) has announced that Afreximbank has formally granted credit approval to provide a US$42 million guarantee for the construction of power plant for the Colluli Potash Project in Eritrea.
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Credit approval is a critical project financing and execution milestone, a strong endorsement for Eritrea and the calibre of the Project. BY SIMONE LIEDTKE | MINING WEEKLY Danakali has obtained formal credit approval from the Africa Finance Corporation (AFC) and African Export Import Bank (Afreximbank) to provide the Colluli Mining Share Company (CMSC) with $200-million […]
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Executive summary BY DANAKALI LTD. Danakali is developing the Colluli Potash Project (Colluli, or the Project), an advanced and economically attractive Sulphate of Potash (SOP) development project. Colluli is ‘shovel ready’; all material permits are in place, binding take-or-pay offtake has been achieved and Front End Engineering Design (FEED) has firmly established Colluli as an […]
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The promotion of Niels Wage comes ‘with project funding well progressed and project execution set to commence’ in Eritrea. BY PROACTIVE INVESTORS Danakali Ltd (ASX:DNK) (LSE:DNK) has appointed highly experienced potash industry executive Niels Wage as chief executive officer following a thorough global search. The appointment is timely as Danakali finalizes funding and begins project […]
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