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Danakali to start developing vast potash project in Eritrea Australia’s Danakali (ASX, LON: DNK) is closer than ever to beginning the development of its world-class Colluli potash project in Eritrea, which is expected to become one of the world’s most significant and lowest cost sources of sulphate of potash (SOP), a premium grade fertilizer. A key step toward that goal was taken late last year, when Danakali signed a $200 million funding mandate with a syndicate of African Export-Import Bank (Afreximbank) and Africa Finance Corporation (AFC) “Colluli has the potential to meet the entire world’s potash demand for 30 years” Danakali’s chief executive, Niels Wage Once those credit approvals are confirmed, something the Perth-based company estimates will happen “any day” now, Danakali will kick off development of the 1.1 billion-tonne potash project. Construction of the mine, 100% owned by Colluli Mining Share Company (CMSC), a 50:50 joint venture between the Aussie miner and the Eritrean National Mining Corporation (ENAMCO), is expected to take two and a half years. complete text: https://www.mining.com/danakali-to-start-developing-vast-pot… |
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| aus der Diskussion: | DANAKALI Ltd., Eritrea - Colluli Potash Project |
| Autor (Datum des Eintrages): | StockExplorer (26.07.19 22:31:28) |
| Beitrag: | 735 von 1,300 (ID:61115551) |
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