The Danakil region of East Africa is an emerging potash province of significance. Over 1.1 billion tonnes of the world-class Colluli Potash presented by Eritrea-Chat.Com
Danakali Ltd (ASX:DNK) is focused on the world-class Colluli Potash Project in Eritrea, where a DFS has demonstrated the lowest capital intensity of all advanced Sulphate of Potash projects.
Eritrea’s economy is growing strongly and has recently experienced better growth than all other countries in sub-Sahara Africa driven by strong mineral exports, agricultural output and infrastructure development.
Minute 0:43 to 0:45 — Over 1 Billion Tons Potash Reserve in Eritrea.
Eritrea was ranked 11th fastest growing economy globally in 2014.
Eritrea has a clear and successful pipeline of mining projects, underpinned by a stable mining jurisdiction, beginning with Bisha; in production since 2010 and undergoing its 3rd expansion in 2015, Zara; expected to produce first gold in 2015 and Sunridge; mining licence granted mid-2015.