SOUTH Boulder Mines (ASX:STB) (“South Boulder” or “The Company”) is pleased to announce that, following shareholder approval at the Annual General Meeting of shareholders on 29 May 2015, and receipt of a new Certificate of Registration for the Company from the Australian Securities and Investments Commission (ASIC), the Company has changed its name to Danakali Ltd (Danakali) with immediate effect. Continue reading Colluli Potash Developer South Boulder Mines Changed its Name and ASX Code→
ERITREA has become an increasingly attractive address for mining investment since its independence 24 years ago with its attractive investment regime attracting 17 companies from China, Russia, UK and Australia.
These include South Boulder Mines (ASX:STB), Nevsun Resources (AMEX:NSU), Sunridge Gold Corporation (TSX: SGC) and China’s SFECO.
Eritrea has a long history of mining starting with colonisation period when Italy had established mining industry at Karora, Debarewa, and Augaro.
EAST AFRICA focused potash company South Boulder Mines (ASX:STB) has announced Pre-feasibility Study results that show its flagship Colluli potash project could become one of the lowest-cost, and most significant, potassium sulphate operations in the world.
Operations will focus on the production of high quality potassium sulphate which commands a price premium over the more common potassium chloride product.
It is also the world’s shallowest known potassium bearing evaporate deposit.
SOUTH Boulder Mines Ltd. (ASX:STB) is currently developing the emerging, world-class Colluli Potash Project located just 75 km from the Red Sea coast in Eritrea, Africa.
A large deposit and the world’s shallowest known potash resource, Colluli boasts a uniquely rare composition of three key potassium bearing salts in solid form. Combined, these favorable attributes make Colluli highly amenable to low energy, high potassium yield production of potassium sulphate (SOP). Continue reading Eritrea’s Unique and Unrivaled Potash Opportunity→