Dehai News

MiningNews: DANAKALI looks to have achieved huge endorsement for the budding Colluli sulphate-of-potash project in Eritrea with major Swiss fertiliser company EuroChem

Posted by: Semere Asmelash

Date: Tuesday, 12 June 2018

DANAKALI looks to have achieved huge endorsement for the budding Colluli sulphate-of-potash project in Eritrea with major Swiss fertiliser company EuroChem signing a binding take-or-pay offtake deal for 100% of the SOP production for the first 10 years.
Big tick for Colluli SOP with binding offtake signed
Colluli will go into a new potash project orbit that includes EuroChem's own Volgakaliy development in Russia.

  • 12 June 2018

EuroChem may use a portion of Colluli SOP to produce complex Nitrogen Phosphate Potassium (NPK) fertilisers at its facilities in Antwerp, Belgium and Nevinnomyssk, Russia, while the balance of SOP provided to EuroChem will be sold through their international channels.

Danakali and its 50:50 Eritrean state partner ENAMCO at Colluli have the option to sell up to 13% through alternative sales channels.

Commercial details weren't disclosed.
Danakali and its 50:50 Eritrean state partner ENAMCO at Colluli have the option to sell up to 13% through alternative sales channels.

Commercial details weren't disclosed.

EuroChem is a vertically integrated fertiliser company that currently developing a major operation in Russia - VolgaKaliy.

"Colluli is one of the closest SOP deposits to a coastline anywhere in the world and, in solid form, the salts at Colluli can be processed immediately, significantly reducing the time between mining...
 Read More:
Binding take-or-pay offtake confirmed for up to 100% of Colluli Module I SOP production




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