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Danakali Ltd

Danakali focused on closing project financing and kicking off construction at Colluli

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 range of options for funding the balance of the capital required to bring Colluli into production.

The advanced project has a 1.1 billion tonne ore reserve with a mine life of almost 200 years at an industry-significant production rate.

Quick facts: Danakali Ltd

Price: $0.65

Market: ASX
Market Cap: $172.46 m
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Danakali's new CEO leads development of unique Colluli Potash Project in Eritrea

Danakali Ltd (ASX:DNK) chief executive officer Niels Wage speaks to Proactive Investors about his recent appointment and the potash developer's advancement of its Colluli project in Eritrea.   "It is a sulphate of potash project, a fertiliser that is used on high-value crops,"...

on 4/4/19

2 min read