R/€ = 16.15 Change: 0.00
R/$ = 14.17 Change: 0.00
Au 1239.98 $/oz Change: 0.00
Pt 789.68 $/oz Change: 0.00


DRA Global confirmed as preferred EPCM contractor for Colluli

By: Tasneem Bulbulia     27th September 2018 Danakali has, on behalf of the Colluli Mining Share Company (CMSC), confirmed DRA Global as the preferred engineering, procurement and construction management (EPCM) provider for the Colluli potash project, in Eritrea. This represents another critical milestone for the project, reinforcing that... 

Danakali banks on new investor mood to fund Eritrean mine

By: Reuters     7th September 2018 Fertiliser miner Danakali aims to raise $322-million this year to develop giant potash reserves in Eritrea, industry sources say, banking on Asmara's warmer ties with Ethiopia to help lure investors. The project will test the changing mood in the West towards the isolated nation, sandwiched... 

Danakali shares admitted to trading on LSE

By: Simone Liedtke     24th July 2018 Just over 264-million shares of potash company Danakali have been admitted to trading on the LSE. Executive chairperson Seamus Cornelius on Tuesday said that the company was “delighted to deliver on another of its strategic goals for 2018”, adding that the LSE listing should increase its profile,... 

Danakali seeks secondary listing on LSE

By: Marleny Arnoldi     12th July 2018 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.  

Danakali CEO resigns; Colluli offtake agreement signed

By: Esmarie Iannucci     14th June 2018 Potash developer Danakali has reported the resignation of CEO Danny Goeman. Goeman has accepted an offer from a leading Perth-based mining company and is expected to leave Danakali on August 3. He joined Danakali in 2016 as head of marketing, before assuming the role of CEO in 2017.  

Danakali finds funding for Colluli

By: Esmarie Iannucci     17th May 2017 Potash developer Danakali will raise some A$12.25-million through a share placement to sophisticated and institutional investors in the UK and Australia. The company told shareholders that some 20-million new shares will be issued at a price of 62c each, representing a 7.4% discount to the... 

Danakali to short-list mining contractors for Colluli

By: Esmarie Iannucci     5th April 2017 Potash developer Danakali has completed the expressions of interest process for mining contractors at its Colluli potash project, in Eritrea, saying the contract tendering process will start shortly. The company received expressions of interest from mining contractors in Australia, South Africa... 

Fluor clinches engineering contract for Eritrean potash project

By: David Oliveira     27th January 2017 Global engineering and construction company Fluor announced earlier this month that it had secured a front-end engineering, design and optimisation contract from ASX-listed potash producer Danakali for its Colluli potash project, in Eritrea. Following a competitive tendering process, initiated... 

Danakali to supply 200 000 t potash to potential offtakers

By: Samantha Herbst     20th July 2016 Potash developer Danakali has signed several nonbinding memoranda of understanding (MoUs) with potential offtakers for the supply of 200 000 t/y potassium magnesium sulphate (SOP-M), which represents the second premium, choride-free multinutrient potash type from Danakali’s Colluli resource,... 


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