ዜና – ኤርትራ ፍርያት ድኹዒ ንዘመናት – Eritrea the future potash producer in the global market.
Danakali Ltd: Baillieu Holst Delivers Postcard from Eritrea.
Danakali Ltd (ASX:DNK) recently hosted Baillieu Holst onsite at the Colluli potash project located in Eritrea, East Africa.
The deposit is globally unique and demonstrates industry leading capital intensity for the production of the premium potash type, sulphate of potash (SOP), and has the ability to produce a broad range of premium potash products.
The following is an extract from the latest broker research note.
Postcard from Eritrea
Eritrea is not as portrayed on Google or YouTube:
The purpose of visiting Eritrea was to form an opinion on the viability to develop a mine in the sub-Saharan nation rather than relying on posts on the internet.
We went as mining analysts, not politicians, diplomats, or mining company executives.
We found the Eritrean people to be friendly, proud and very patriotic, not as they are portrayed in some media as downtrodden people who would do anything to leave the country.
We did come away feeling that there are a lot of hidden agendas and misinformation on the political front involving the UN, Eritrea and Ethiopia.
None of which should substantially interfere with mine development in Eritrea.