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Proactive Investors Australia: Danakali prepares to award mining contract

Posted by: Semere Asmelash

Date: Wednesday, 05 April 2017

Danakali prepares to award mining contract

Proactive Investors Australia
05 Apr 2017

This is another milestone towards developing the world class project.
Danakali prepares to award mining contract
Shares in Danakali are up 45% in 2017, currently priced at $0.70

Danakali (ASX:DNK) has completed the expressions of interest process for mining contractors for the Colluli Potash Project located in East African country of Eritrea.

This phase is a precursor to the mining contract tendering process which will commence shortly.
Colluli is the most advanced stage greenfield primary sulphate of potash (SOP) project in the world.

Paul Donaldson, managing director, commented: “This is another significant step in our pre-construction activities and we now look forward to the final refinement and optimisation of the mining schedules to support the mining contract bidding process.

“This is a critical operational contract for the project, and we are very pleased to have a high-quality group of candidates to progress to the competitive bidding phase.”

Mining tender details

All parties that submitted expressions of interest have extensive experience in the African mining industry and specialise in open cut mining methods.

The shortlisted parties will formally bid in a competitive tendering process using further refined and detailed pit designs and material movement schedules derived in the definitive feasibility study.

An appointment of a suitable industry service provider to further optimise and refine the mining schedule, in line with the front end engineering design (FEED) work which is currently underway, will be made in the very near future.

The mining method, which includes the use of conventional haul trucks, excavators and surface miners was established during the Colluli feasibility studies after a series of economic trade-off evaluations.


Mining Contract expressions of interest complete for Colluli
Wednesday, 05 April 2017

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