Tag Archives: South Boulder Mines

Colluli Potash Developer South Boulder Mines Changed its Name and ASX Code

South Boulder Mines has changed its name to Danakali Ltd (Danakali)
South Boulder Mines (ASX:STB) was first founded in 2003 as a diversified exploration company focussing on nickel, gold, phosphate and potash exploration. It is now transformed into a new development and production company called Danakali (ASX: DNK) focussing on developing the Colluli potash project in Eritrea to an agrichemical business of global significance

By Danakali Ltd,

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 effectContinue reading Colluli Potash Developer South Boulder Mines Changed its Name and ASX Code

1.1 Billion Tonnes Maiden Ore Reserve Confirmed for Colluli Potash

The very large Mineral Resource and associated Ore Reserve estimate allows the project substantial growth and product diversification over time. Once the definitive feasibility study (DFS) for the two phase production of SOP has been completed, work will commence on the logical pipeline of projects that will grow the project to its full potential. A long term price of US$586 per tonne FOB at Anfile Bay was used for the Ore Reserve estimate.

By Proactive Investors,

SOUTH Boulder Mines (ASX:STB) now has a globally significant maiden ore reserve of 1.1 billion tonnes at 10% K2O equivalent at the Colluli Potash Project in Eritrea.

With over 85% of Measured and Indicated Resource included in ore reserve estimate, this provides a very high confidence level that it can be mined while de-risking the project.

The shallow mineralisation of the potassium bearing salts in combination with highly favourable ambient conditions, allows open cut mining of the resource, giving high resource recovery.  Continue reading 1.1 Billion Tonnes Maiden Ore Reserve Confirmed for Colluli Potash

Eritrea Waves the Mining Flag

Eritrea becomes one of the most attractive mining jurisdiction

By Proactive Investors,

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.

It has a stable government with an educated and disciplined work force while benefitting from its location along the Red Sea, which offers access to export markets. Continue reading Eritrea Waves the Mining Flag

Well Efficient Limited of Hong Kong Increased its Colluli Potash Shares

Well Efficient Limited ups its stake in the company to 12.44% from 6.99% after it acquires shares at $0.25 each on the basis of one share for every twelve shares held on the deadline date of 6 May 2015.

By Proactive Investors,

SOUTH Boulder Mines (ASX:STB) substantial shareholder Well Efficient Limited has increased its interest in the company to 12.44% from 6.69% through participation in a placement.

Hong Kong-based Well Efficient acquired 10 million shares for $2.5 million, bringing its total holding up to 20 million shares. Continue reading Well Efficient Limited of Hong Kong Increased its Colluli Potash Shares

PFS Proves Colluli a Low-Cost World-class Potassium Sulphate Project

Colluli – World’s shallowest known potassium bearing evaporate deposit

By ABN Newswire,

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.

Cash costs are forecast at US$189 per tonne of potassium sulphate, with the premium Anfile Bay potassium sulphate expected to fetch US$588 per tonne on market.  Continue reading PFS Proves Colluli a Low-Cost World-class Potassium Sulphate Project

Eritrea’s Unique and Unrivaled Potash Opportunity

Colluli is a considerably large and world’s shallowest deposit with a unique mineral composition and a coastal access that is unmatched

By Potash Investing News,

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

Edison Initiates Coverage on South Boulder Mines

SUCCESS. Edison Investment Research to start reviewing South Boulder Mines and provide a detailed valuation of the company

By PR NewsWire,

EDISON Investment Research, a leading international investment research firm, announces the initiation of coverage of South Boulder Mines.

South Boulder Mines is a development-stage company focused on developing its Colluli potash project in Eritrea.

South Boulder Mines and Eritrean National Mining Company (ENAMCO) are 50% partners in the Colluli Mining Share Company’s (CMSC) world class potash project in Eritrea, for which feasibility and pilot test work is nearing completion. Continue reading Edison Initiates Coverage on South Boulder Mines

South Boulder Mines CEO Sets the Record Straight on Eritrea Potash

This comes after Duketon Mining presents a priority offer for South Boulder Mines shareholders to participate in an Initial Public Offering (IPO) of shares in Duketon Mining, which will target gold-nickel in Western Australia.

South Boulder Mines’ chief executive officer Paul Donaldson

By Proactive Investors,

SOUTH Boulder Mines’ (ASX:STB) chief executive officer Paul Donaldson has spoken with Proactive Investors to set the record straight on a number of misconceptions contained in a recent media report.

South Boulder is a 50% shareholder of the Colluli Mining Share Company (CMSC), a joint venture between South Boulder Mines Ltd and the Eritrean National Mining Company (ENAMCO).

South Boulder is currently working on the Feasibility Study to support the development of the project.  Continue reading South Boulder Mines CEO Sets the Record Straight on Eritrea Potash