AFC takes equity position in Danakali

DANAKALI ally Africa Finance Corporation has agreed to pump in a further US$50 million via a placement to support the development of the Colluli sulphate of potash project on the Horn of Africa.

AFC takes equity position in Danakali AFC takes equity position in Danakali AFC takes equity position in Danakali AFC takes equity position in Danakali AFC takes equity position in Danakali

The proposed mine will be built in one of the most remote, hottest and driest locations on the planet.

Shares with the Eritrea-focused Danakali have drifted lower since April, but AFC has elected to put in a further A$74 million by buying shares at 60c, a 5% discount to the 30-day average.

topics

loader