Colluli is located in the Danakil Depression region of Eritrea and is approximately 230km by road southeast of the port of Massawa, which is Eritrea's key import/export facility. <>/Metadata 306 0 R/ViewerPreferences 307 0 R>> If you have an ad-blocker enabled you may be blocked from proceeding. Colluli Potash Mine, Danakali Depression, Eritrea, Eastern Africa MiningOther CommoditiesIndustrial Minerals, Danakali (50%) and Eritrean National Mining Corporation (ENAMCO, 50%). Status: Design. DANAKALI Ltd., Eritrea - Colluli Potash Project | Aktienforum | Aktien Forum | Diskussionsboard | Community von finanzen.net Only 1% of the population has access to the internet, according to the World Bank. Eritrea has huge tourism potential, but it is hard for foreign visitors to obtain a visa. Eritrea has managed to fall out with and then mend fences with every one of its neighbouring countries. Pilot tests from the Colluli salts have generated product samples for marketing purposes which are now being distributed to prospective customers. All land is considered state-owned and property rights are non-existent. The project's potential profitability is helped by soaring potash prices they jumped by 300% during 2021, sitting at above $700 per tonne (CFR Brazil Spot) at the end of October 2021. Potash demand is largely driven by the need to increase crop production and by improved potash application rates, particularly in developing countries such as Asia, Africa, and Latin America, where potash has been historically under-applied relative to scientifically-recommended levels (Fig. Eritrea has one of the most erratic economies in the world, partly due to chronic drought and highly variable agricultural output: its GDP surged by 31% in 2014 before plummeting by -20.6% in 2015. This geographical advantaged is unique. Value: R 200 Million+. function doGTranslate(lang_pair){if(lang_pair.value)lang_pair=lang_pair.value;if(lang_pair=='')return;var lang=lang_pair.split('|')[1];if(GTranslateGetCurrentLang() == null && lang == lang_pair.split('|')[0])return;var teCombo;var sel=document.getElementsByTagName('select');for(var i=0;iDanakali to sell stake in flagship Colluli potash project in Eritrea .goog-te-banner-frame {display:none !important;} 4. The potassium salt composition in the resource provides the option to diversify the potash product suite as the Project grows. finished in June, will take the company a step closer to the construction phase Eritrea's potash mining takes shape but questions remain Apart from SOP, the salt composition at the deposit also allows for the production of other potash products including sulphate of potash-magnesia (SOP-M) and muriate of potash (MOP). US Level 1 ADR . The company expects to start full commercial production in mid-December 2022. The project has the worlds largest JORC compliant reserve at 1.1 billion tonnes. Potash, an important fertiliser, is found in abundance in certain parts of Ethiopia and Eritrea. 7. Danakali (ASX: DNK) is the 50% owner of the Colluli Potash Project located 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. Journalists say that getting any information out of the country is extremely difficult. To the southeast of the teeming herds of wildlife in the Okavango Delta inBotswana, an offshoot of the Lundinminingdynasty is extending its search for the worlds biggestdiamonds. Some abridged samples of my writings are published here, while 4X as many unabridged articles are posted without delay at TNRH, a popular Seeking Alpha Marketplace service, where you also find: (1) a stream of high-alpha actionable investment ideas. providing 10,000 direct and indirect local jobs. (. A number of unique characteristics make Colluli one of the world's largest and lowest-cost deposits of SOP. Colluli, owned 50:50 by Danakali and the Eritrean National Mining Corporation, has a JORC-2012 compliant measured, indicated and inferred resource of 1,289 Mt at 11% K20 equivalent and 7% kieserite. Economic resources for Sulphate of Potash (SOP) production are scarce, and Colluli is favourably positioned to supply the worlds fastest-growing SOP markets. Colluli contains three potassium-bearing salts in solid form, namely. In 2019, the country received only $67.1m in foreign direct investment (FDI) inflows against $61m in 2018, according to the World Bank. DANAKALI Ltd., Eritrea - Colluli Potash Project | Aktienforum | Aktien Forum | Diskussionsboard | Community von finanzen.at A United Nations report published in 2019suggested that Colluli could significantly boost the economy of Eritrea. A United Nations report says that Eritrea's Danakali Colluli potash project has the potential to boost the economy of the country that was removed from the UN's sanctions list only two months ago. Infrastructure to be developed and upgraded outside the Colluli mining license area includes sea water intake and treatment at Anfile Bay; pipeline and access corridor of 87km between Bay area and the Colluli process plant and the Colluli site road of 57km connecting Colluli to Marsa Fatuma. endobj At mine-gate production costs of US$149-165/t or total cash costs of US$242-258/t, Colluli can be profitable even at the current low SOP price of US$500-650/t. Unlike North Korea, China or Iran, social media is mostly unregulated, but the biggest problem is access to the internet, which is unreliable and expensive. The project has the world's. The Colluli potash project is a low-cost, long-life sulphate of potash (SOP) fertiliser project under development by the Colluli Mining Share Company, a 50-50 joint venture partnership between the Australian start-up Danakali and the Eritrean National Mining Corporation. Shallowest known evaporite deposit globally. Colluli has been largely de-risked in terms of. World potash demand has grown at an average rate of 2.5-3.0% per year since 2000 (Fig. Potassium bearing minerals are typically found in areas where ancient inland seas have evaporated leaving behind their minerals. Fertiliser is a key component to ensure world food security in the future. Danakali has reported a 1.1 billion ore reserve with a mine life of almost 200 years. With a growing world population, demand for food will increase, while the availability of arable land is expected to shrink. On December 3, 2019, Africa Finance Corporation also agreed to make a US$50 million equity investment in two tranches at A$0.60 per Danakali share. The Australian company Danakali is developing the Colluli potash project in Eritrea and expects to bring it into production in 2022. Danakali to start developing vast potash project in Eritrea Colluli is a major sulphate of potash (SOP) project located in Eritrea, Eastern Africa. To open fire on your own disabled [people] is pretty appalling.". The deposit contains mainly three types of potassium bearing salts including sylvinite, carnallitite, and kainitite. A binding offtake agreement for up to 100% of Module I SOP production, and a US$200M debt financing term sheet have been executed, and all material permits are in place. Colluli, which Danakali shares with the Eritrean National Mining Corporation, is scoped to produce 472,000 tons a year of potash in sulphate (SOP) in its first phase before scaling up to second phase production of 944,000 tons annually. DRA Global was selected as the engineering, procurement, construction and management (EPCM) contractor for the project in September 2018. We use them to give you the best experience. The Colluli potash mine could be an economic game changer for Eritrea but the country is unlikely to undergo an economic transformation as long as Afwerki is in power. Profit was boosted by higher metal grades and prices. What Are the Best Fertilizer Stocks? Therefore, the Eritrean government has a strong incentive to see the project be built, in production, and run successfully. Danakali is developing the tier-1 Colluli potash project, Eritrea, which boasts the world's lowest costs and >200 years of mine life. On the financial front, a key step was taken last month when Danakali, which has a 50-50 joint venture covering Colluli with the government of Eritrea, signed a $200 million funding mandate. Plus500. Notify me of follow-up comments by email. 3). It then plans to distribute 90% of the net proceeds to shareholders and will continue as a listed company to identify new projects and potential new alternative growth opportunities. The project, 50/50 owned by Australian mining company Danakali and the Eritrean Government, is rapidly progressing towards construction. Its constitution has not been implemented, the parliament has been prorogued for many years, the ruling party has not held a congress for a number of years and independent media is banned. () // Colluli Potash Project Eritrea Whilst SOP demand is population growth story it is more of an economic growth story and the African continent is seen to be where the majority of the worlds economic growth will occur in the coming decades. Earth Moving Worldwide (EMW) was selected to provide mining services for the Colluli potash project in December 2019. As inflation falls, what can be expected from the Bank of England in the months to come? The Project has unrivalled potash product versatility. x][sF~w""s)d;9>u^v0@ROcTE&Agdjyr8_N>}\O_,g|yrqKbzlwGouQB b-*dkGO?-M^e1?!;=^RxGN{t2k JSUUSx=ce :jc`s>h. Artists impression of the plant at the Colluli project. Producer of Fig. Colluli is located about 75 kilometres from the Red Sea coast, making it among the most accessible premium potash deposits globally. To lower infrastructure uncertainties, in August and October 2020, respectively, Danakali appointed RA International Group PLC as the preferred contractor for the supply of accommodation, support services, and other infrastructure buildings, and Aggreko (AGK.LSE) as its preferred power supply contractor for its 12MW HFO power plant at Colluli under a five-year BOOT contract, removing a major infrastructure uncertainty. If you continue using our website, we'll assume that you are happy to receive all cookies on this website. development of the project, and the expected significant boost to royalties, In the long run, potash consumption is expected to continue to grow as a result of population expansion. In 2023, Botswana expects diamond output to decline by 1%. The construction works for the Colluli potash mine are expected to be started in 2021 with the start of production expected in 2022. Proudly Researched by: Melanie Miles. Why isn't Europe investing more in recycling plastic. There are many sources of potassium, including. Last Updated on: 01 December 2022. Has access to the Ethiopian side of the deposit been guaranteed? Is this happening to you frequently? However, China has set its sights on the country and perhaps it will receive large amounts of Chinese FDI in the future. I bought many shares @ 67 Cents per share, total of 240.000.00 Now the share is under 20 Cents. Two articles indicate the rapid progress towards the development of a vast potash mine in the Danakil desert. Anyone can write a book, as long as is a white person, you would buy it even a white homeless from NYC. The Colluli potash mine is estimated to hold 1.1 billion tonnes of SOP ore reserves grading 10.5% potassium oxide (K2O). DANAKALI Ltd., Eritrea - Colluli Potash Project | Aktienforum | Aktien The agreement can be further extended by three years if mutually agreed upon. US Level 1 ADR's OTC-DNKLY, CUSIP.23585T101 The world's largest JORC compliant solid salt, Sulphate of . % Under the terms of the agreement, EuroChem will take, pay, market, and distribute up to 100% of the Colluli sites SOP fertiliser production over a 10-year term, from the Projects date of commissioning. Based on what evidence? Danakali (DNK) - Technical Analysis - Crux Investor Fig. Mineral & Phosphate Mining in the US industry outlook (2022-2027) poll Average industry growth 2022-2027: x.x lock Purchase this report or a membership to unlock the average company profit margin for this industry. The proximity to the coast and the established port infrastructure in the Port of Massawa gives Colluli unrivalled access to global export markets, and it also decreases logistics costs from the mine gate onto the ship estimated at US$73/t. PowerMiningOil & Gas >, MiningIndustrial MineralsMajor Commodities, Lithium Americas starts construction at Thacker Pass lithium project, Advance Lithium, LitioMx in talks to establish joint venture, Jindalee unveils updated mineral resource estimate at Mcdermitt Lithium Project, Advertise with us Advertising enquiries: Roy Morris, roy.morris@progressivemediainternational.com, +44 (0) 20 7406 6613. The Danakil salt basin, in Eritrea, is a positively unique example as it is one of only very few known potash deposits where kainite, a sulphate bearing mineral key for potassium sulphate production, is found in solid form. It also contains other fertilizer products, such as muriate of potash (MOP) and gypsum, along with rock salt. Danakali to use filtered sea water at Colluli potash mine Your email address will not be published. The project has a 200-year lifecycle and is expected to start operating in 2022. The relative location of the Colluli resource to these critical markets gives it a significant logistics advantage and unrivalled access to the potash markets of the future. By downloading this Whitepaper, you acknowledge that we may share your information with our white paper partners/sponsors who may contact you directly with information on their products and services. second phase of development, as the project has a possible 200-year plus RA, listed on the London Stock Exchanges AIM board, specialises in building, operating and maintaining facilities in remote and challenging conditions across Africa, providing complex humanitarian, governmental, mining, and other commercial developments and services, Danakali says. Colluli has been largely de-risked in terms of geopolitics, infrastructure, off-take, and financing, with the module I scheduled to come on-stream in 2022. The project is the only known source of potash that allows extraction of the fertilizer in solid form. The location of the Colluli potash deposit, from this source. Colluli is located about 75 kilometres from the Red Sea coast, making it among the most accessible premium potash deposits globally. It also has access to solar, wind and geothermal energy systems the East African rift. Colluli will be a simple open-cut mining operation utilising truck and shovel methods complemented by continuous surface miners. Potash reserves among the world's largest - Economist Intelligence Unit

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