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Danakali Ticks Another Milestone in Eritrea



Danakali Ticks Another Milestone in Eritrea

By Esmarie Swanpoel | Mining Weekly

Potash developer Danakali has reached another milestone at its Colluli project, in Eritrea, with the Eritrean Ministry of Land, Water and Environment accepting the finalised social and environmental management plans for the project.

Danakali said on Wednesday that the acceptance followed extensive reviews of the management plans in the context of the previously approved social and environmental impact assessment, numerous meetings, and extensive comments provided to and actioned by the Colluli Mining Share Company.

The project is fully permitted following the signing of a mining agreement, and the subsequent award of the requisite mining licences in early 2017.

A 2015 feasibility study estimated that the Stage 1 development of Colluli will require a capital investment of $442-million. The study examined a two-module development with an expected production of 425 000 t/y of sulphate potash for the first five years of operation, increasing to 850 000 t/y for the remainder of the proposed 30-year mine life.

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Danakali Ticks Another Milestone in Eritrea Reviewed by Admin on 7:23 AM Rating: 5

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