MCICE has successfully handled Gapuma’s agricultural inputs project part cargo needed in urgency to catch cropping season in Eritrea. 82 containers of 20′ UREA originated from Jordan and 121 containers of 40′ originated from Egypt. The handling & delivery speed…
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Danakali pursues alternative funding for Colluli Potash Project in 2021
Snapshot The company has strong and productive relationships with ENAMCO, relevant Government Departments in Eritrea, AFC, Afreximbank and EuroChem – all key stakeholders working to bring Colluli into production as quickly and safely as possible. Quick facts: Danakali Ltd Price:…
World Class Potash Project In Eritrea Moves Closer To Development
It’s not easy for most investors to get excited about potash, a fertilizer — and less so about Eritrea, a north African country which spent years on a United Nations sanctions list. But times do change and there is a…
Danakai Announcement on Colluli SOP mining
· Debt finance mandate executed following signing of US$200M term sheet · African development financial institutions Afreximbank and AFC will act as Mandated Lead Arrangers Danakali Limited (ASX: DNK, LSE: DNK) (Danakali or the Company) is pleased to announce that…
Eritrea breakthrough as UN sanctions lifted
The UN Security Council has unanimously agreed to lift sanctions against Eritrea after nine years. An arms embargo, asset freeze, and travel ban were imposed in 2009 amid claims Eritrea supported al-Shabab militants in Somalia. Eritrea always denied the accusations.…
Ethiopia, Eritrea reopen border points for first time in 20 years
ADDIS ABABA (Reuters) – The leaders of Ethiopia and Eritrea re-opened crossing points on their shared border for the first time in 20 years on Tuesday, cementing a stunning reconciliation and giving Addis Ababa a direct route to its former…
DANAKALI : SEPTEMBER 2017 QUARTERLY REPORT
Danakali Limited (ASX:DNK) is pleased to advise that the Colluli Mining Share Company (“CMSC”) has been awarded Mining Licenses for the exploitation of mineral resources within the Colluli tenements. This follows the signing of a Mining Agreement between CMSC and…
Eritrea and Colluli Mining Company Sign Agreement
Eritrea’s Ministry of Energy and Mines and Colluli Mining Share Company yesterday signed an agreement to engage in potash mining operations in the Bada area of the Northern Red Sea Region. The agreement was signed by Minister of Energy and…
400 Million us dollar new massawa port project
THE most exciting, most tempting and the largest single project involving a foreign company since independence is going to be carried out in Massawa by China Harbor Engineering Company Ltd. (CHEC).According to CHEC, Eritrean Ambassador to China Tseggai Tesfazion and…
China SFECO celebrates agreement on agriculture related plants worth US$ 100 million
China SFECO group, a subsidiary of Shanghai Construction Group Co. Ltd., held a ground breaking ceremony in Eritrea to undertake different agriculture related plants worth US$ 100 million. The massive Engineering, Procurement and Construction project will constitute the construction of…