Tag Archives: Danakali Ltd

London Stock Exchange Welcome Danakali Ltd to the Main Market

London Stock Exchange welcomes Eritrea Colluli Potash developer Danakali Ltd to trade on the main market
Danakali Limited’s 264,167,463 Ordinary Shares have been admitted to trading on the London Stock Exchange’s Main Market as of today under the ticker “DNK”.

BY LONDON STOCK EXCHANGE (LSE)

London Stock Exchange today welcomes Danakali Limited (ASX: DNK / LSE: DNK) (Danakali), the potash company focused on the development of the Colluli Potash Project in Eritrea, to trading on the Main Market. Continue reading London Stock Exchange Welcome Danakali Ltd to the Main Market

Danakali and EuroChem Sign Binding “Take-or-Pay” Offtake Deal for Full Production from Colluli Potash Project in Eritrea

The deal represents a strong endorsement for the Project and instrumental in unlocking project funding.

Upcoming potash producer Danakali signed a binding “take-or-pay” offtake agreement with Europe’s largest Phosphate fertilizer company EuroChem for up to 100% of module I Sulphate of Potash (SOP) production for the next 10 years.

BY TESFANEWS *

Danakali Ltd (ASX:DNK), on behalf of its partner Colluli Mining Share Company (CMSC), have signed a binding take-or-pay offtake agreement with EuroChem Trading GmbH (EuroChem) for up to 100% of module I sulphate of potash (SOP) production from the Colluli Potash Project in Eritrea. Continue reading Danakali and EuroChem Sign Binding “Take-or-Pay” Offtake Deal for Full Production from Colluli Potash Project in Eritrea

Danakali’s Advanced Potash Project in Eritrea is a Cut Above the Rest

“Colluli is the premier and most advanced SOP greenfield development project globally. It has industry leading capital intensity, forecast first quartile operating costs, and highly attractive economic returns. We are focused on working with our joint venture partner [Eritrea] to ensure the successful development of Modules I and II, and unlocking the significant expansion and multicommodity potential of the resource” – Danny Goeman, CEO
BY PROACTIVE INVESTORS

Danakali Ltd (ASX:DNK) is focused on the development of the world-class Colluli Potash Project in the East African country of Eritrea. Colluli is 100% owned by the Colluli Mining Share Company (CMSC), a 50:50 joint venture between Danakali and the Eritrean National Mining Corporation (ENAMCO). Continue reading Danakali’s Advanced Potash Project in Eritrea is a Cut Above the Rest

UN Side Event, “Demystifying Eritrea: The Ground Reality, Mining and Human Rights”

A UN side event on “Demystifying Eritrea” demonstrated that the perceived image perpetuated to promote other political motives is completely opposite to the ground reality and the emerging progress of the nation. (Photos: @RSCollaboration)

PRESS RELEASE

Demystifying the image of Eritrea by understanding its reality on the ground and its development approach, which focuses on the people, was the theme of the side event organized by the Permanent Mission of Eritrea to the United Nations in Geneva in collaboration with Nevsun Resources Limited, Bisha Mining Share Company and Danakali Limited, titled, “Demystifying Eritrea: the Ground Reality, Mining and Human Rights”, on March 8th 2018 at the United Nations in Geneva. Continue reading UN Side Event, “Demystifying Eritrea: The Ground Reality, Mining and Human Rights”

Broker Hartleys Values Danakali Stock at Double Current Valuation

Danakali Ltd (ASX:DNK) holds a 50% interest in a truly Tier 1 asset in Eritrea

Hartleys: “Despite the large capital requirement, the project is highly economic. We recommend a SPECULATIVE BUY rating with a share price target of A$1.21/share.

BY HARTLEYS

Danakali Ltd is continuing to advance its Colluli SOP potash project in Eritrea. Recent FEED optimisation studies have shown that SOP output capacity can be increased by 47,000 tons per annum (tpa) to 472,000 tpa, by debottlenecking the processing plant configuration. Continue reading Broker Hartleys Values Danakali Stock at Double Current Valuation

Mining Contract Expressions of Interest Complete for World Class Colluli Project

Colluli is the largest and shallowest known evaporite deposit in the world with a solid form ore reserve estimate of over 1.1bn tonnes.

Danakali prepares to award mining contract. It has completed the expressions of interest process for mining contractors for the Colluli Project.

BY DANAKALI LTD

Danakali Limited (ASX:DNK) is pleased to advise that is has completed the expressions of interest (“EOI”) process for mining contractors for the Colluli Potash Project. The EOI phase is a precursor to the mining contract tendering process which will commence shortly.

Expressions of interest have been received from mining contracting firms based in Australia, South Africa, and the broader African continent. All parties have extensive experience in the African mining industry and specialise in open cut mining methods. Continue reading Mining Contract Expressions of Interest Complete for World Class Colluli Project

Power Generation Expressions of Interest for Colluli Project Complete

Danakali Ltd initiated bidding process for power generation for the Colluli project

One of these power solution providers that operates in Eritrea is the Canadian company Aggreko plc. It initially provides a 250kVA generator for Bisha Mine during the exploration period and increased it capacity to 20MW as the power demand increases to peak production.

By Danakali Ltd,

Danakali Limited (ASX:DNK) is pleased to advise that it has initiated the bidding process for power generation for the Colluli potash project and completed the initial expressions of interest (EOI) phase.

EOI’s have been received from power providers based in the Middle East, Australia, Africa, the United States and the United Kingdom. The shortlisted parties will formally bid in a competitive tendering process based on the technical specifications for power generation determined in the definitive feasibility study. These specifications will be refined following the front end engineering design (FEED) process. Continue reading Power Generation Expressions of Interest for Colluli Project Complete

Shortlisted Engineering Companies Completed Colluli Site Visit

Danakali hosted a visit to the Colluli potash site in Eritrea for three shortlisted Engineering companies to bid on FEED and EPC work for the project.

By TesfaNews,

Danakali Limited (ASX:DNK) announced that it has hosted a visit to the Colluli potash project site in Eritrea for Engineering companies shortlisted to bid on front end engineering design (FEED) and Engineering, Procurement and Construction (EPC) work for the project.

The Colluli Potash Project is one of the most advanced greenfield sulphate of potash (SOP) projects globally with exceptionally long expected mine life, unrivalled product diversification potential and significant upside. Continue reading Shortlisted Engineering Companies Completed Colluli Site Visit