As Sirius Minerals, Berkeley Energia and SolGold have shown in the past year, backing early-stage mining projects can be a frustrating, volatile yet sometimes exciting business. Investing in an unfinanced potash project in Eritrea, less than half a year after the country emerged from UN sanctions, certainly fits the volatile category. Continue reading Danakali’s Eritrean Promise
Danakali Ltd (ASX:DNK) and its 50:50 joint venture partner, the Eritrean National Mining Corporation (ENAMCO), continue to advance key operational contracts at the Colluli Sulphate of Potash Project. Continue reading Danakali and ENAMCO Advance Tier-1 Colluli Sulphate of Potash (SOP) Project
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
By ASX Release,
Danakali Limited (ASX:DNK) (“Danakali” or the “Company”) is pleased to announce that, consistent with the requirement of the Equator Principles, opportunity for public review of the social and environmental impact assessment (SEIA) and associated management plans (SEMP) was provided and the two-month review period is now complete. Continue reading Potash Project Approvals on Track and Positive Outcomes from SEIA and SEMP
By Matthew Spizziri | for Investing News,
A recent report by Ballieu Holst Research highlighted Danakali Ltd. (ASX:DNK; OTC:DNKLY) and the Colluli Sulphate of Potash (SOP) project in Eritrea. The deposit is globally unique and demonstrates industry leading capital intensity for the production of the premium potash type (SOP), and has the ability to produce a broad range of potash products.
As quoted in the latest broker research report: Continue reading Danakali: Ballieu Holst Delivers Postcard from Eritrea
Danakali Ltd (ASX:DNK) is focused on the Colluli Project in Eritrea, with Somers and Partners making a site visit. The broker found the country to be safe, and they have assigned a Buy recommendation and $1.03 target price to Danakali.
The following is an extract from the report.
Initiating Coverage: World Class Project but Perceived Country Risk
Colluli Project is world class and production will be low cost Economically exploitable resources of sulphate of potash (SOP) are geologically scarce and this is the world’s largest undeveloped SOP reserve with a mine life in excess of 200 years. Continue reading World Class Potash Project but Perceived Country Risk: Broker Report
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
Danakali Ltd (ASX:DNK) has formally submitted its mining license application for the Colluli Potash Project in the east African country of Eritrea.
The application was prepared and submitted following the recent completion of the pre-requisite work.
This work included the submission of the Social and Environmental Impact Assessment (SEIA) and the completed definitive feasibility study (DFS). Continue reading Mining Application for Colluli Potash Project Submitted