The Colluli Potash Project is amenable to simple, low cost, open-cut mining.
() has entered a trading halt today pending the release of commercial information regarding the progress of its off-take negotiations.
Shares in the company will remain halted until the earlier of the release of the relevant information or the commencement of trading next Wednesday.
Danakali continues the execution phase for its Colluli Potash Project in Eritrea.
After completing the study phase, Danakali is focused on offtake, funding, operational contracts, operational readiness and corporate social responsibility.
The project is owned by the Colluli Mining Share Company (CMSC), a 50:50 joint venture between Danakali and the Eritrean National Mining Corporation (ENAMCO).
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