The deposit is the only one in the world world where SOP can be made from an open-cut mine due to its extreme shallowness. The company's strategy targets the development of a world-class potash project that will become pivotal for global and African agriculture. 11. 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. Eritrea has managed to fall out with and then mend fences with every one of its neighbouring countries. 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;i Over 6Bt of potassium bearing salts suitable for the production of potash fertilisers have been identified in the region to date. Danakali (DNK) - Technical Analysis. The plant administration and services facilities will incorporate administration offices, medical clinic, warehouses, and workshops (see graphic above, credit: RA International). A United Nations report published in 2019suggested that Colluli could significantly boost the economy of Eritrea. I am not receiving compensation for it (other than from Seeking Alpha). 6. The underapplication of SOP in developing regions where the highest rates of population growth are expected, from this source. Potash supply has historically been controlled by production cartels, such as a German export monopoly in the early 1900s, the agreement strategies between German and French producers until 1939, and then oligopolistic competition prevailing on world markets (see here). 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. A pre-feasibility study was completed in February 2015, followed by the completion of a definitive feasibility study in November 2015, while the mining licence was granted in February 2017. Prime Minister Abiy Ahmed accused the Tigrayans of attacking a military camp and attempting to loot military assets. As the commodity supercycle unfolds, you are invited to join The Natural Resources Hub today to take advantage of a slew of generational opportunities alongside Laurentian Research. 6. If you have an ad-blocker enabled you may be blocked from proceeding. Eritrea has huge tourism potential, but it is hard for foreign visitors to obtain a visa. second phase of development, as the project has a possible 200-year plus SOP - a premium grade fertilizer - usually grabs a higher price at US$500-650/t (see here). Colluli Potash Mine, Danakali Depression, Eritrea, Eastern Africa The economy expanded by 2.9% in 2021 and is forecast to surge by 4.8% this year, according to the International Monetary Fund. of Eritrea and Ethiopia, which officially declared peace in July 2018. Your email address will not be published. Colluli Potash Project - MBS Environmental The border lands mostly arable are unusable for farming purposes, because of unexploded land mines left over from the war of independence. the countrys GDP by 2021 and 50% of the nations exports by 2030, while Disclosure: I am/we are long SBMSF, CMP. and mag chloride to be commercialized with minimal further processing required. Finance > M-a. It also contains other fertilizer products, such as muriate of potash (MOP) and gypsum, along with rock salt. 03 October 2022. It is a member of the African Union, the UN and the Intergovernmental Authority on Development which deals with issues around drought and desertification in the Horn of Africa but it is the only African country (out of 55) not to sign up to the African Continental Free Trade Area, the huge free trade area that went live on 1 January 2021. Visit our privacy policy for more information about our services, how we may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Analysis of the potential contribution of Colluli potash project to sustainable development goals in Eritrea. There is also potential for kieserite and mag chloride to be commercialized with minimal further processing required. Morgan Leighton. I have no business relationship with any company whose stock is mentioned in this article. EuroChem will purchase the entire SOP output of the Colluli phase one potash project under a 10-year binding off-take agreement signed in June 2018. The stock seems to be agitating for a breakout in recent weeks (Fig. Value: R 200 Million+. Standard, granular and soluble products can be produced for distribution to the market. Installation of an export terminal at Anfile Bay would decrease the length of the land transport route from 230 to only 87 km, thus further lowering the logistics costs required to satisfy the multi-commodity trade in and out of Eritrea. US Level 1 ADR . Mobile data does not exist. The FEED results and the recent completion of test work and additional verification provide a higher level of financial certainty to project financiers, further de-risking the investment proposition. Danakali to cash out of Colluli. 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. These include: No poverty, zero hunger, quality 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. ,and the value is around 67,000.00 . 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. Installation of an export terminal at Anfile Bay would decrease the length of the land transport route from 230 to only 87 km, thus further lowering the logistics costs required to satisfy the multi-commodity trade in and out of Eritrea. 8. countries-Eritrea - - | Reverso Context 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. MoEM has shown support for the financing of the project by granting time to begin commercial production (up to mid-December 2022) as well as . The operating environment weighed heavily on Danakalis decision, as Eritrea is ruled by one of the worldsmost oppressive regimes and was until 2018 on the UNs sanctions list. If you continue using our website, we'll assume that you are happy to receive all cookies on this website. The above mineral reserves support 215 years of SOP production at 944 Ktpa as envisaged in modules I and II development plan. I'd like to emphasize that the articles contributed by these authors are the product of their respective independent research and analysis. The project has a 200-year lifecycle and is expected to start operating in 2022. Annual output A port development at Anfile Bay could assist in unlocking this potential. Despite funding setbacks last year, Danakali says that Colluli, a 50:50 joint venture between Danakali and the Eritrean National Mining Corporation (ENAMCO), is on track for production in 2022. I recommend a book by Martin Plaut, a senior researcher at Londons Institute of Commonwealth Studies and former Africa Editor of the BBCs World Service called Understanding Eritrea: Inside Africas Most Repressive State (https://www.hurstpublishers.com/book/understanding-eritrea-2/). The Colluli project requires low upfront development costs and is highly scalable for long-life production. The Danakil Depression, which extends over 300km into eastern Ethiopia, hosts over 6,000 Mt of potassium-bearing salts suitable for the production of potash fertilizers. Additional details about the agreement are available in the following announcement >>. 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. Danakali reports that the Colluli Mining Share Company (CMSC) has appointed RA International Group as its preferred contractor for the supply of accommodation, support services and other infrastructure buildings in support of the Colluli sulphate of potash project development, in Eritrea. The UN says forced labour and detention without trial are common. (5) a community of investors to bounce off ideas and share information with. The JORC-2012 compliant mineral resource estimate, from this source. .goog-te-menu-value:hover {text-decoration:none !important;} Below, let's look at Danakali Ltd. (DNK.ASX) (OTCPK:SBMSF) (OTCPK:DNKLY), which operates in Eritrea. Colluli is 75km from the Red Sea coast, providing unrivalled future logistics potential. The saleable SOP product will be trucked via road for sipping to the Massawa port which is located approximately 230km north-west of the project site. Danakali to cash out of Colluli - Mining Journal Click HERE for a free trial now. By. Eritrea is an ancient civilisation dating back thousands of years and was inhabited by early humans. endobj In the initial phase of operation, Wage said, Colluli would The deposit is located in the Danakil depression region of Eritrea, about 75km away from the Red Sea coast and 177km south-east of Asmara, the capital city (with a population of 960,000 people). The total measured, indicated, and inferred SOP mineral resources at the deposit are estimated to be 1.29 billion tonnes grading 11% K2O. The company expects to start full commercial production in mid-December 2022. ColluliMining Share company (CMSC,) a 50:50 Joint Venture between Danakali Limited (DNK) and Eritrean National Mining Corporation (ENAMCO) Codes: ASX: DNK, SO3-FRA, SO3-BER. In 2023, Botswana expects diamond output to decline by 1%. But when [Afwerki] discovers that his authority is being questioned after independence, he begins reacting in the same way. 5. 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). <>/ExtGState<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 594.96 842.04] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> 2022 The Colluli potash project is a low-cost, long-life sulphate of potash (SOP) project under development in Eritrea, Eastern Africa. It thus follows we should keep an eye on emerging potash producers. Subject to conditions, the deal with Chinese company Sichuan Road and Bridge Group is expected to be finalized between March and May next year, leaving Danakali with $121 million cash, of which 90% will be distributed back to shareholders. 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. as being forecasted back in 2015 has been removed from the supply side (Fig. You are talking about the garbage written by Plaut ? He is one of the world's most brutal and paranoid dictators and has repressed the population for many decades. Bloomberg News | December 23, 2022 | 7:38 am Premium Nickel aims to re-open Selebi mine in Botswana The Selebi south deposit has a resource of 11.28 million tonnes grading 0.98% nickel and 1.9% . Based on what evidence? Sign up HERE today to benefit from Laurentian Research's in-depth research and the TNRH platform right away! It is generally used in combination with the other two macro-nutrients, nitrogen and phosphorus, to produce a range of fertilisers, the type used being dependent on the soil to which it will be applied. Colluli is located in the Danakil Depression on the Eritrean side of the Eritrea-Ethiopia border, a barren desert area ideal for large mine operations (Fig. A big economic change will come to eritrea, proud to be an nseritrea. Across the country, an estimated two-thirds of households are impacted by food insecurity. Invest in t. We have recently upgraded our technology platform. In the initial phase of operations, the mine would produce more than 472,000 tonnes a year of sulphate of potash (SOP), a premium grade fertilizer. The total measured, indicated and inferred SOP mineral resources at the deposit are estimated to be 1.29 billion tonnes grading 11% K2O. It has industry-leading capital intensity, forecast first quartile operating costs, and highly attractive economic returns. Colluli is located in the Danakil Depression region of Eritrea and is approximately 230km by road south-east of the port of Massawa, which is Eritreas key import/export facility. In November 2020, a conflict broke out in the mountainous region of Ethiopia, called Tigray, between Tigrayan forces and the Ethiopian federal troops. Colluli is the premier greenfield development project globally. DANAKALI Ltd., Eritrea - Colluli Potash Project | Aktienforum | Aktien RA International to set up camp at Colluli sulphate of potash mine Colluli has been largely de-risked in terms of. Located in the Horn of Africa, prolonged periods of conflict and severe drought have had a catastrophic impact on the Eritrean economy and the country is one of the worlds poorest, with income per head estimated at $678 in 2022 (up from $501 in 2010). Development Goals (SDGs). Colluli will be a simple open-cut mining operation utilising truck and shovel methods complemented by continuous surface miners. 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. Abu Dhabi has established a growing reputation as a source of innovation due to forward-thinking projects across sectors including energy, infrastructure, sport, culture and tourism. 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. Sylvinite and carnallitite both produce potassium chloride, which is then combined with decomposed kainitite to form high purity potassium sulphate. Has access to the Ethiopian side of the deposit been guaranteed?
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