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Danakali announces new Executive Chairman and CCO as Colluli project advances

Danakali Ltd (ASX:DNK) outgoing chief executive Danny Goeman speaks to Proactive Investors about the binding offtake agreement for up to 100% of module I sulphate of potash (SOP) production from the Colluli Potash Project in Eritrea, East Africa.

"We've been on this journey for nearly two years now, and ultimately what we wanted to achieve is basically what transpired this week... with a very credible offtake party, which is EuroChem... this particular offtake deal will assist greatly in progressing the funding discussions with the various partners that have expressed an interest in the project thus far," says Goeman.

Danakali announced today that previous non-executive chairman, Seamus Cornelius, has been appointed as executive chairman, and that Niels Wage will join as chief commercial officer (CCO); as Goeman moves on from the company having led it to this milestone.

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Price: 0.635 AUD

ASX:DNK
Market: ASX
Market Cap: $168.65 m
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Danakali focused on closing project financing and kicking off construction...

Danakali Ltd (ASX:DNK, LON:DNK) CEO Niels Wage caught up with Proactive London's Andrew Scott soon after announcing they'd received credit approval for a US$200 million senior debt facility to fund construction of the Colluli Potash Project in Eritrea. He says they're continuing to assess a...

on 22/8/19

2 min read