EXPLORATION & DEVELOPMENT

After a good FEED, Danakali in financing mode

THE drawn-out development of Danakali’s 50%-owned Colluli potash project in Eritrea is said to have moved an important step closer with completion of a front-end engineering design (FEED) study “seen as a critical milestone for offtake and debt processes”.

Michael Quinn
After a good FEED, Danakali in financing mode

The project needs about US$300 million to get up and running, with average annual undiscounted free cash flows put at $88 million. The FEED study, which reaffirmed “the outstanding project economics”,...

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