DANAKALI Ltd., Eritrea - Colluli Potash Project
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RockTalks is a Stockhead video series featuring a roundtable of resources experts discussing a new macro topic each week. The program is sponsored by Bridge Street Capital Partners, a leading ECM and principal investment firm focused on mining, energy & tech.
In this episode, host Peter Strachan takes a look at the Sulphate of Potash (SOP) market
Populating the expert panel for this discussion is Seamus Cornelius, Executive Chairman of Danakali (ASX:DNK) and Mark Savich, CEO and Executive Director of Agrimin (ASX:AMN).
The pair discuss a range of topics, including potassium’s role in fertiliser product mix, the structure of potash market, SOP supply chain dynamics, the premium pricing of SOP, the potential impact of BHP’s Canadian MOP project and more.
Tune in above to hear the panel discuss these topics.
Colluli is where the value begins
Unlike the current major potash producing basins of the world, the Danakil region contains a variety of potassium bearing salts, providing the opportunity to generate a range of potash fertilisers. The Danakil basin contains the only potash resource in the world that allows such product diversity. The Colluli resource comprises three potassium bearing salts in solid form: sylvinite, carnallitite and kainitite. These salts are suitable for high yield, low energy production of SOP, which is a high-quality potash fertiliser carrying a price premium over the more common MOP. Colluli boasts the shallowest known evaporite mineralisation globally and has significant mining, logistics and, in turn, capital and operating cost benefits over other potash development projects in the Danakil Depression and elsewhere. Listen to our Executive Chairman, Seamus Cornelius discussing unique Colluli geology.
Interview with Seamus Cornelius, Exec. Chairman of Danakali Ltd. (ASX:DNK)
Danakali is a resource company focused on Colluli SOP Project in Eritrea, East Africa. Our strategy targets development of a world class potash project that will become pivotal for Global and African agriculture. Colluli is expected to provide an outstanding economic, social and community dividend through positive impact on infrastructure, job creation and sustainability in Eritrea.
Proposed Cancellation of London Listing
• LSE delisting increases administrative efficiencies in support of full funding solution
• Over 97% of DNK’s current UK institutional investors invest directly into ASX via nominees
• Key Stakeholders and Major Shareholders fully supportive of the LSE delisting event
https://cdn-api.markitdigital.com/apiman-gateway/...094df02a206a39ff4
Half Yearly Report and Accounts
https://stocknessmonster.com/announcements/dnk.asx-6A1048409/
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01/09/2021 12:13 am
Change to Board of Directors
ASX Release:
1 September 2021
Change to Board of Directors
• Non-Executive Director Robert Gordon Connochie Retires
Danakali Limited (ASX: DNK, LSE: DNK, Danakali or the Company) announces Mr Robert Gordon
Connochie, has elected to retire from the Board as Independent Non-Executive Director effective
midnight Perth time 31 August 2021.
https://www2.asx.com.au/markets/company/DNK
It is expected that the cancellation will be effective from September 24, at 08:00.
https://www.miningweekly.com/article/...he-lse-2021-08-11/rep_id:3650
dazu eine Information von Seamus Cornelius (Chairman DNK) in einem Interview am 14.09.21:
"We are currently listed on the LSE, in addition to being listed on the ASX, but we are delisting from the LSE soon.
As it turns out, we've realized that it's just not a good position for us to be listed on both exchanges. We don't get any extra benefit from being listed on the LSE and we do get a lot of additional cost and compliance, which we don't need. Part of our approach, as we move into development and production, is to be as lean a production operation as we can be. So, there's not going to be any wasted spending, on things that don't help us achieve our key objectives. That's why we've decided to delist from the LSE, but keep our listing on the ASX, and also on several German exchanges."
http://www.metalsnews.com/Metals+News/MetalsNews/...ed+SOP+Projec.htm
All engineering design and procurement has been completed and plant is being currently assembled. Delivery ready in the last quarter 2021.
https://africanminingmarket.com/...-innovation-at-colluli-mine/11471/
Changes to Board of Directors
• Resignation of John Fitzgerald as Non-Executive Director
• Appointment of Paul Donaldson as Non-Executive Director
https://stocknessmonster.com/announcements/dnk.asx-6A1055132/
Danakali receives updated Sulphate of Potash Price Forecast Analysis from CRU
Highlights
• Muriate of Potash (MOP) prices surged higher across multiple global markets from January
2021
• Medium term Sulphate of Potash (SOP) price is forecast to increase and long-term outlook
predicts SOP prices increasing further
• Colluli’ s FEED sensitivity analysis indicates that for every 10% increase in SOP price Colluli
Project NPV increases by US$250M
• Colluli is fully permitted, all studies complete, process flow design finalised and de-risked
https://stocknessmonster.com/announcements/dnk.asx-6A1055875/
Listen to our Executive Chairman, Seamus Cornelius, as he explains the core of SOP pricing dynamics. SOP comes at a higher price than MOP as most of the world’s SOP is produced using the Mannheim process, which uses MOP and sulphuric acid as the inputs. There is a natural constraint to expand supply through the existing secondary production processes economically. A new project that intends to produce SOP by primary methods takes years and hundreds of millions to establish. The supply-side constrain indicates there is a market need to increase SOP production to meet supply shortfalls. The SOP prices are remarkably resilient because most SOP is produced by the Mannheim process, which has 87% of the cost of their inputs tied to MOP and sulphuric acid with the balance of their costs tied to power other operational costs. As a result, the SOP price premium over MOP has remained at above US$220/t on average for the past ten years.
https://www.youtube.com/watch?v=iQUFgdXg06U
Quarterly Report
https://stocknessmonster.com/announcements/dnk.asx-6A1060070/
Seamus Cornelius, Executive Chairman of Danakali Achim Strauss, Chief Executive Officer of Kanga Potash, had a panel discussion, moderated by Mark Heyhoe, Advisor of Fox-Davies Capital, on the topic of 'Can juniors succeed in the potash space?' at Mines and Money Online Connect @ IMARC in October 2021. Listen to get some quality insights about the potash sector
https://www.youtube.com/watch?v=jSDAfotUO0U
Update: Magnesium Chloride
Colluli will produce significant tonnes of high purity Magnesium Chloride
(MgCl2) as a by-product of its Sulphate of Potash production process
Highlights
• Colluli will produce potentially economic MgCl2 from two sources at its Sulphate of Potash (SOP)
production operation. The value of MgCl2 and any derivative products including Magnesium Oxide
(MgO) or Magnesium (Mg) does not form part of our current financial, economic or FEED studies.
• The two sources, being primary Bischofite brine from our process plant and secondary Bischofite ore from our mine have a potential combined production capacity of 55.8 Mt of MgCl2 in the first 60
years from Modules 1 and 2 alone.
• MgCl2 is a primary feedstock in the production of MgO and Mg.
https://stocknessmonster.com/announcements/dnk.asx-6A1063121/
The company’s Colluli asset will produce significant tonnes of high purity magnesium chloride as a by-product of its sulphate of potash production process.
https://www.proactiveinvestors.com/companies/news/...tial-966454.html
Battery!https://www.youtube.com/watch?v=sldH4ETpbSU
https://youtu.be/3hVX9Agz0xI
Colluli will produce significant tonnes of high purity Magnesium Chloride (MgCl2)
as a by-product of its Sulphate of Potash production process.
https://stocknessmonster.com/announcements/dnk.asx-6A1067392/
Rock Salt Production & New Generation Sodium Ion Batteries Opportunities
Colluli will produce 1.8 million tonnes per annum of high-quality Rock Salt
Highlights
• Rock Salt in the Colluli resource has been estimated to total 347 million tonnes at a grade of 96.9%
sodium chloride (ASX Announcement 23 September 2015).
• Colluli will produce an estimated 128 Mt of Rock Salt in the first 60 years at a production rate of 1.8 million tpa from Modules 1 and 2 (ASX Announcement 29 January 2018). This creates another potential revenue stream for Colluli as Rock Salt prices rise 75% year on year from 2020-2021 (see Figure 3).
• Rock Salt is being used in a new generation of sodium-ion batteries.
full text:
https://stocknessmonster.com/announcements/dnk.asx-6A1069370/
Quarterly Report
For the period ending 31 December 2021
Danakali Limited (ASX: DNK, Danakali, or the Company) is pleased to provide this quarterly
update on the activities and financial position of the Company and CMSC’s Colluli Potash Project
located in Eritrea, East Africa. CMSC is progressing to become a leading producer and exporter of
Sulphate of Potash (SOP), the premium potash fertiliser.
Highlights
Project Growth Options
• DNK reviewed the potential growth option of Magnesium Chloride (MgCl2) at Colluli and
determined Colluli will produce potentially economic MgCl2 from two sources at its Sulphate
of Potash (SOP) production operation, as announced 7 December 2021. The value of MgCl2
and any derivative products including Magnesium Oxide (MgO) or Magnesium (Mg) does not
form part of our current financial, economic or FEED studies.
• Additionally, DNK reassessed the Sodium Chloride (NaCl) resource at Colluli and confirmed
the presence of 347 Mt of Rock Salt resource (ASX Announcement 29 January 2018). Colluli
will produce an estimated 128 Mt of Rock Salt in the first 60 years production rate of 1.8
million tpa from Modules 1 and 2 (ASX Announcement 29 January 2018). This creates
another potential revenue stream for Colluli as Rock Salt prices rise 47% year on year from
2020-2021.
Project Financing
• SOP price updates provided by CRU indicated long term outlook for the weighted average
netback price to Massawa was US$668/tonne.
• Discussions with potential third-party investors, ENAMCO and senior lenders on Project
funding requirements continue.
complete report:
https://stocknessmonster.com/announcements/dnk.asx-6A1073681/
https://stocknessmonster.com/announcements/dnk.asx-6A1075453/
@DanakaliLtd
·
1 Std.
Eritrea and the UN launched the new $720m four-year-long (2022-2026) Sustainable Development Cooperation Framework. Document supports the 2030 Agenda, and it marks the continuation of developmental cooperation between Eritrea and the UN. Strong partnerships on an equal base
https://twitter.com/DanakaliLtd
https://twitter.com/DanakaliLtd/status/1493311908291751943
Appointment of Chief Financial Officer
• Mr Greg MacPherson Appointed as Chief Financial Officer (CFO)
https://stocknessmonster.com/announcements/dnk.asx-6A1079601/