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Danakali prepares to update market on off-take negotiations

The Colluli Potash Project is amenable to simple, low cost, open-cut mining.

plant in bag of fertiliser
The company had $16.4 million cash at the end of the March quarter

Danakali Ltd (ASX:DNK) 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.

READ: Danakali well-funded to continue execution phase at Colluli Potash Project

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.

READ: Danakali’s advanced potash project is a cut above the rest

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).

Quick facts: Danakali Ltd

Price: 0.56 AUD

ASX:DNK
Market: ASX
Market Cap: $178.48 m
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Danakali CEO discusses US$50mln investment by Africa Finance Corporation

Danakali Ltd (ASX:DNK) (LON:DNK) CEO Niels Wage speaks to Proactive London's Andrew Scott following the news Africa Finance Corporation (AFC) has agreed to a US$50 million strategic equity investment. The subscription agreement with AFC will facilitate the start of project execution...

on 12/12/19

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