Eritrea

Danakali

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.
potash Danakali

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
Danakali

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.
Danakali

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.
armadale Danakali

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.
Africa Finance Corporation

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.
Africa Finance Corporation

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.
Danakali

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.
Africa Finance Corporation

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.
Danakali

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.

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