Skip to main content

Danakali releases quarterly report

Published by
World Fertilizer,

Danakali Ltd has provided its June 2019 Quarterly Report on the activities and financial position of the company and its Colluli potash project in Eritrea.

Key updates include:

  • Credit approval for US$200 million Colluli Mining Share Company (CMSC) senior debt facility nears completion – Mandated Lead Arrangers, Afreximbank and AFC, are moving through final internal approvals.
  • International Fertiliser Association Montreal 2019 Conference confirmed strong industry interest in Colluli and validation of the project’s attractive strategic and economic fundamentals.
  • High levels of activity in Eritrea, with Project Director, Tony Harrington, continuing to drive project execution preparation in-country.
  • Continued strength of sulphate of potash (SOP) industry fundamentals.
In addition, the Report includes key activities planned for the September 2019 Quarter:
  • Finalise CMSC senior debt credit approval.
  • Progress remaining project funding requirements.
  • Advancing project execution activities, including EPCM preparation with preferred provider DRA Global, and tendering and confirmation of suppliers and contractors.
It is Danakali and CMSC’s aim to commence project execution in 2019.

Read the article online at:

You might also like

Achieving safe confined space entry for chutes, silos and hoppers

An estimated 7% of the US fatalities recorded by MSHA between 1995 and 2011 occurred in a confined space. To reduce that number, conveyor operators are wise to understand exactly how a confined space is defined, and to consider what they can do to prevent serious injuries.


Embed article link: (copy the HTML code below):


This article has been tagged under the following:

Fertilizer project news