Tag Archives: Eritrea Potash

Eritrea Potash Project on Budget and on Schedule Despite COVID-19 Restrictions

inlight of COVID-19 restrictions, Eritrea potash project is progressing on schedule and on budget
Even in light of COVID-19 restrictions, all the engineering, procurement and construction management (EPCM) activities at the world-class Colluli Potash Project in Eritrea are progressing as scheduled and on budget.

BY TESFANEWS*

Danakali Limited (ASX:DNK) (LON:DNK) is in the final stages of completing the second phase of development for its world-class Colluli Potash Project in Eritrea from which first production of sulphate of potash (SOP) is on schedule for 2022. Continue reading Eritrea Potash Project on Budget and on Schedule Despite COVID-19 Restrictions

Danakali Finished First Phase of Eritrea Potash Project

This takes Colluli closer to the construction phase and then into production in 2022

Colluli Mining Share Company (CMSC) has successfully executed EPCM Phase 1 of Project development, on schedule, on budget and in line with the Front-End Engineering Design (FEED).

BY CECILIA JAMASMIE | MINING DOT COM

Australia’s Danakali (ASX, LON:DNK) has finished the first phase of development of its world-class Colluli potash project in Eritrea, Africa, which takes the company a step closer to the construction phase and then onto production in 2022. Continue reading Danakali Finished First Phase of Eritrea Potash Project

Eritrea Premium Potash Project Interest Grows

VERSATILITY. Not all potash projects are created equal, and with the giant Colluli deposit in Eritrea, Danakali believes it has hit the jackpot.

By Ngaire McDiarmid,

Thanks to the scale and diversity contained in the massive Colluli multi agri-commodity resource in Eritrea, Danakali managing director and CEO Paul Donaldson doesn’t hesitate to call it a company-making Tier 1 asset.

Colluli’s JORC 2012 1.1 billion tonne ore reserve contains a unique suite of potassium salts that are in solid form and can be mined over 200 years starting with a shallow open pit, with payback of the US$300 million Phase I expected within four years. Continue reading Eritrea Premium Potash Project Interest Grows

South Boulder Mines Raises $1.8M for Colluli Potash

By Proactive Investors,

The next move to place the shortfall of $1.5 million worth of shares ensures that South Boulder Mines is well funded to deliver a high quality definitive feasibility study (DFS) for Colluli later in 2015. Already, the 1.1 billion tonnes maiden ore reserve dwarfs many planned and current large scale potash operations in the world.

SOUTH Boulder Mines (ASX:STB) is well positioned to complete the Definitive Feasibility Study for its Colluli potash project in Eritrea with shareholders applying for $1.8 million worth of shares under its rights offer priced at $0.25.

The subscription for 7,336,337 shares represents a strong take-up of 54.7% of the 13,400,167 shares on offer, in challenging capital markets.  Continue reading South Boulder Mines Raises $1.8M for Colluli Potash

Mines and Money London 2012: Investor Spotlight – South Boulder Mines

The Colluli potash deposit is going to be world’s shallowest and the only open pit mining.

By Mines and Money,

Dr Chris Gilchrist gave an eye opening presentation about his company South Boulder Mines at the Mines and Money London 2012 Investors conference.

Dr Chris Gilchrist is a mineral processing engineer with over 30 years’ experience. He has managed major projects, mining and mineral processing research, new product development and the operation of large mines.  Continue reading Mines and Money London 2012: Investor Spotlight – South Boulder Mines

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