logo-loader
viewDanakali Ltd

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: 0.595 AUD

ASX:DNK
Market: ASX
Market Cap: $158.02 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Danakali Ltd named herein, including the promotion by the Company of Danakali Ltd in any Content on the Site, the Company receives from said...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Danakali CEO discusses US$50mln investment by Africa Finance Corporation

Danakali Ltd (ASX:DNK) (LON:DNK) CEO Niels Wage speaks to Proactive London's Andrew Scott following the news Africa Finance Corporation (AFC) has agreed to a US$50 million strategic equity investment. The subscription agreement with AFC will facilitate the start of project execution...

20 hours, 15 minutes ago

2 min read