Articles On Danakali (ASX:DNK)

The ASX finished up today and every sector gained…except resources. The ASX 200 gained 0.44 per cent to close at 7,064 points, which is 74 points short of its pre-pandemic record high. The ASX Emerging Companies Index on the other hand lost...

The focus today was on the debut listing of auto dealership company, Peter Warren Automotive (ASX:PWR). The company made a strong start on the ASX, with its share price jumping by 19 per cent to close at $3.46. PWR raised $260 million at an...

The company is focused on the development of the Colluli Sulphate of Potash Project in Eritrea, a 50:50 joint venture between Danakali and the Eritrean National Mining Corporation (ENAMCO).

The CFO was appointed to the role in June 2017 and has resigned in order to pursue another career opportunity.

The release of the company’s 2020 financial report reveals Danakali has nearly $10 million in the bank as it seeks to produce environmentally sustainable potash at its world-class Colluli Project in Eritrea.

The basic board fee will be slashed by 33% with immediate effect for all board members and the board size will be cut at the annual general meeting in the second quarter of 2021.

The Colluli SOP Project’s proximity to established port infrastructure provides unrivalled access to the global export markets and a cost advantage.

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.

The Danakali Ltd (ASX: DNK) share price is sliding today, down 7.5% in late afternoon trading. The potash miner, formerly known as South Boulder Mines, finds itself under pressure following this morning’s release of its investment update....

AFC is in discussion with Danakali with a view to finding a funding structure suitable to both parties that will ensure the commencement of construction of the project as soon as possible.

Whether COVID leads to isolationist policy or protectionist policy is up for debate, what we do know is that countries from Egypt and Jordan to Pakistan, Taiwan and China are stockpiling agricultural commodities to boost strategic food stoc...

Special Report: Danakali (ASX:DNK) has strengthened its potash mining and processing knowledge with the appointment of Dr Rod McEachern as ... Read More The post Potash executive to drive operations at Danakali’s Colluli project appeared fi...

The new COO has a successful track record in managing potash mines and processing plant operations, technical knowledge and project management.

Advanced sulphate of potash explorer Danakali (ASX: DNK) has firmed up its executive team after appointing industry expert Rod McEachern as chief operating officer. Prior to joining Danakali, Mr McEachern was director for process at product...

Sulphate of potash explorer Danakali (ASX: DNK) is a step closer to developing its flagship Colluli joint venture project in Eritrea after appointing London Stock Exchange-listed Aggreko as the project’s preferred power contractor. Under th...

Aggreko will provide full scope of support services for the supply, commissioning, and maintenance of the power plant.

Emerging sulphate of potash (SOP) producer Danakali (ASX: DNK) has passed another key step in Eritrea and now heads for production, not only with Asian markets in mind, but plans to realise huge potential in food-hungry Sub-Saharan Africa....

The Colluli project is in the Danakil Depression region of Eritrea and around 75 kilometres from the Red Sea coast, making it one of the most accessible potash deposits globally.

Africa-focused sulphate of potash explorer Danakali (ASX: DNK) has completed an updated process plant and infrastructure study for the Colluli project, which has identified optimisation studies and confirmed the “robustness” of the front en...

As COVID-19 restrictions are relaxed in Eritrea and it now has access to Colluli, the company can prepare for construction.

The accommodation camp will accommodate 600 during the production phase with the flexibility for 1,115 during the construction phase.

Eleven years after acquiring the project and 10 years after the first drill hole was sunk, Danakali (ASX: DNK, LSE: DNK) is now targeting first production two years out at its Colluli Sulphate of Potash project in Eritrea. The company descr...

Neil Gregson has been appointed as a non-executive director while Paul Donaldson and Andre Liebenberg have resigned as directors.

In its latest June quarterly update, the company highlighted the importance of focusing on key areas such as project financing and project development for Q3.

During the June quarter the company further advanced its equity strategy in order to secure the remaining financing needed for Colluli development.

In accordance with the mining agreement, CMSC has 36 months from the submission date to spend US$200 million within the mining licence area.

Additional test-work necessary to advance the project has commenced during the COVID-19 restrictions.

In the last fortnight another two dozen directors of ASX small caps made trades above $100,000 and a number of them chipped into potash stocks. COVID-19 was the last thing potash stocks needed having been struggling prior to the pandemic. T...

The report outlines ongoing and planned contributions of its Colluli project to sustainable development in Eritrea.

The company and Africa Finance Corporation have agreed to extend the deadline for completion of AFC’s Tranche 2 equity funding.

All EPCM Phase 2 workflows have continued despite COVID-19 with all vendor and contractor packages received in complete form.

The company’s Colluli SOP Project is 100%-owned by the Colluli Mining Share Company, a 50:50 joint venture between Danakali and the Eritrean National Mining Corporation (ENAMCO).

AFC president and CEO Samaila D Zubairu and senior director for Investment Operations & Execution Taiwo Adeniji are new non-executive directors.

Danakali says it is well funded to complete current planned activities and to withstand the impact during this volatile period.

Danakali (ASX:DNK) is progressing the development of its Colluli sulphate of potash (SOP) project in Eritrea with the first phase of its engineering, procurement, construction and management (EPCM) work completed on time and budget. This ta...

The company is on track with developing the world-class Colluli Potash Project in Eritrea.

The company is developing the world-class Colluli Sulphate of Potash (SOP) Project in Eritrea.

Seamus Cornelius has acquired 62,960 shares valued at more than $35,700 and now has almost 10.4 million shares in direct and indirect interests.

Todd Romaine will oversee the execution of ESG programs corporately for Danakali and for Colluli Mining Share Company (CMSC) in Eritrea.

EPCM contractor DRA Global has started project management activities and mobilised its own engineering group for the process plant and associated infrastructure work.

Anglo American’s interest in a potash mine backed by entrepreneur Gina Rinehart could well be a sign potash could be less on the nose for investors this year. Potash is a potassium product used to fertilise food crops that also helps protec...

Anglo American’s offer for Sirius Minerals values the UK potash project holder at £386mln (US$508mln).

This confirms total funding commitment this month of US$250 million following the recent US$50 million equity commitment from AFC.

Colluli Mining Share Company (CMSC) has issued a Notice to Proceed to DRA Global, the preferred provider of EPCM services at the Eritrean SOP project.

EMW has more than 140 years of global experience and will provide strong commercial and technical support for the Colluli project in the Horn of Africa.

Africa Finance Corporation has completed the first US$21.5 million tranche of a US$50 million placement.

Africa Finance’s total participation in the sulphate of potash project is US$150 million which demonstrates their long-term commitment.

The Colluli Sulphate of Potash Project is in Eritea, East Africa and is a 50:50 joint venture between Danakali and the Eritean National Mining Corporation (ENAMCO).