SRBG Archives

Danakali Completes 50 Percent Stake Sale in Eritrean Potash Project

China’s SRBG Acquires 50 Percent Stake in Eritrea Potash Project

March 31, 2023April 4, 2023TesfaNewsLeave a Comment

The Chinese company SRBG has completed the acquisition of a 50% stake in the Colluli potash project in Eritrea from Australia’s Danakali Ltd by paying the first installment of $105 million. Australia’s Danakali (ASX: DNK) has completed the sale of its 50% stake in the Colluli potash project in Eritrea, Africa, 13 years after partnering […]

Third China – Eritrea Agricultural Technical Cooperation Project Yields Promising Results

March 9, 2023March 22, 2023TesfaNewsLeave a Comment

“We have been putting up efforts to understand whether the Chinese varieties and the agricultural techniques thereof are suitable for Eritrea, and the overall result is promising so far.” The Government of the State of Eritrea has been devising sound strategies with a view to enhancing agricultural productivity from time to time. One of this […]

Eritrea: Danakali Strikes Colluli Sales Deal

January 13, 2023March 22, 2023TesfaNewsLeave a Comment

The Australian miner sold its 50 percent stake in the flagship Colluli potash project in Eritrea to China’s SRBG for $121 million net Potash developer Danakali Ltd (ASX:DNK, LSE:DNK) has struck a $166-million binding share sale agreement (SSA) with Sichuan Road and Bridge Group to sell its 50% shareholding in the Colluli sulphate of potash […]

Eritrea’s ‘Mining Friendly Environment’ Attracts More Investors

January 11, 2014January 11, 2014TesfaNews14 Comments

By Sam B., In late 2013, Sichuan Road and Bridge Group (‘SRBG’) announced that it has entered into a long-term agreement with the Eritrean National Mining Corporation (‘ENAMCO’) with respect to the development of a mining and exploration project, located in Eritrea. Pursuant to the terms of the agreement, it is expected that SRBG will own […]