Australia’s Danakali (ASX: DNK) is selling its 50% stake in the Colluli potash project in Eritrea, Africa, almost 13 years after partnering with the Eritrean National Mining Corporation (ENAMCO) to build the mine. Subject to conditions, the deal with Chinese company Sichuan…
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MCICE delivers Gapuma UK Ltd.’s highly urgent cargo successfully
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…
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…
Ethiopian Ship Docks at Port of Massawa After Two Decades
Addis Ababa September 05/2018 Ethiopian commercial ship, which docked today at the Port of Massawa, is heading to China today after Two Decades. The ship with brand name “Mekelle” with the length of 166 meters and 27meters heights, is now…
Eritrea considers new port for potash trade after Ethiopia peace deal
Eritrea is considering a new port on its coast line with the aim of helping export potash from mines being developed in the country and from neighboring Ethiopia, the Bloomberg news portal reports. The port is to be situated at…
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…