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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: 0.42 AUD

Market: ASX
Market Cap: $133.87 m

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Danakali Limited in final stages of EPCM Phase 2 for Colluli potash project...

Danakali Limited's (ASX:DNK) (LON:DNK) Niels Wage tells Proactive they're in the final stages of the EPCM Phase 2 for Colluli Potash Project in Eritrea, East Africa. He adds that despite COVID-19 restrictions, all EPCM Phase 2 workflows have continued and all vendor and contractor packages have...

3 days, 10 hours ago

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