Danakali's new CEO leads development of unique Colluli Potash Project in Eritrea
Danakali Ltd (ASX:DNK) chief executive officer Niels Wage speaks to Proactive Investors about his recent appointment and the potash developer's advancement of its Colluli project in Eritrea.
It is a sulphate of potash project, a fertiliser that is used on high-value crops, says Wage.
He continues, It's a shallow deposit which can be mined with an open pit and we're working very closely with the Eritrean government to develop this project.
The development of this deposit is quite unique for the industry ... it's a low-cost project but also has a significant impact on Eritrea and the area.
Eritrea
Eritrea is a country in the horn of Africa. it is bordered by Sudan in the west, Ethiopia in the south, and Djibouti in the southeast. the northeastern and eastern parts of Eritrea have an extensive coastline along the red sea, across from Saudi Arabia and Yemen.it includes the Dahlak archipelago and several of the Hanish islands.