Eritrea
East Africa
Danakali’s Colluli enters final stage of EPCM Phase 2
Danakali is entering the final stage of the EPCM Phase 2 of project development at its Colluli potash project in Eritrea, with completion expected in June 2020.
Speciality Minerals
Phase 1 of Danakali’s Colluli potash project complete
"The FEED pricing reconfirmation is underway, and we are pleased to have identified several optimisation and cost saving opportunities." - Tony Harrington
East Africa
Danakali commences with phase 1 of EPCM at Colluli
ASX- and London-listed potash developer Danakali has commenced a number of work streams as part of the first phase of the engineering, procurement and construction management (EPCM) at its Colluli potash project in Eritrea.
East Africa
Danakali appoints mining contractor for Colluli
ASX and LSE-listed Danakali’s Colluli Mining Share Company has confirmed Earth Moving Worldwide as its preferred contractor for the Colluli sulphate of potash project mining services scope.
Investment
Danakali receives first tranche of its US$50 million from AFC
ASX/LSE-listed Danakali has received the proceeds of the first tranche of its US$50 million strategic equity investment from Africa Finance Corporation.
East Africa
Eritrea becomes Africa Finance Corporation’s 24th member state
The East African country of Eritrea has become the 24th member state to join the Africa Finance Corporation.
Speciality Minerals
Danakali secures R50 million from Africa Finance Corporation
Danakali has entered an agreement with Africa Finance Corporation for a placement of fully paid shares to raise US$50 million.
Industrial Minerals
Danakali’s Colluli project: Primed to begin construction
Danakali is moving its world-class Colluli potash project closer towards development. It also has optionality to expand the product suite.
Industrial Minerals
Danakali secures preferred contractor credit for Colluli power plant
Danakali has announced that Afreximbank has granted credit approval for preferred power contractor with a US$42 million guarantee.
Industrial Minerals
US$200 million secured for Colluli Potash Project
Africa Finance Corporation and African Export Import Bank have obtained credit approval for the Colluli Mining Share Company with US$200 million.
