Danakali (ASX:DNK) has a new substantial shareholder known as The Capital Group Companies, Inc., which is the parent company of Capital Research and Management Company (CRMC).
CRMC is a U.S.-based investment management company that manages the American Funds family of mutual funds, and now holds a 6.79% stake in Danakali.
Danakali remains focused on the Tier-1 Colluli Potash Project, which is located in the East African country of Eritrea.
Colluli is the most advanced greenfield and lowest cost sulphate of potash (SOP) development project in the world.
Danakali's 50:50 partner is the Eritrean National Mining Corporation (ENAMCO).
