https://www.miningweekly.com

Danakali seeks secondary listing on LSE

12th July 2018

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

ASX-listed potash project developer Danakali intends to list on the LSE on July 24.

The company’s ordinary shares will remain listed on the ASX.

Danakali is developing the low-cost, shallow and advanced greenfield sulphate of potash (SoP) Coluli project, in Eritrea.

The LSE listing will provide UK and international investors exposure to an economically attractive SoP project, with a valuation of $902-million and an internal rate of return of 29.9%, as well as an almost 200-year mine life.

It is expected that the mine will produce 944 000 t/y once Module II production is complete – Module 1 is expected to produce 472 000 t/y.

SoP is used on high-value, chloride-sensitive crops such as fruit, nuts and coffee plants and commands a substantial premium over the more widely available muriate of potash, that has a high chloride content.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

The functionality you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION