DNK
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Company News
Rocketing fertiliser prices forecast to continue amid war and surging cost of fuel
As the Russian and Ukraine war continues to play out, almost every sector is feeling the ripple effect, with energy prices among the first to surge, but fertiliser products and their raw ingredients aren’t far behind – attracting substantially higher prices. Russia and Belarus contribute 40% of traded volumes annually in the potash market, a […]
Danakali appoints highly experienced potash expert Rod McEachern as COO
Advanced sulphate of potash explorer Danakali (ASX: DNK) has firmed up its executive team after appointing industry expert Rod McEachern as chief operating officer. Prior to joining Danakali, Mr McEachern was director for process at product innovation at Nutrien and PotashCorp. According to Danakali, Mr McEachern has a long track record of successfully managing potash […]
Danakali selects Aggreko to power Colluli SOP project in Eritrea
Sulphate of potash explorer Danakali (ASX: DNK) is a step closer to developing its flagship Colluli joint venture project in Eritrea after appointing London Stock Exchange-listed Aggreko as the project’s preferred power contractor. Under the buy own operate transfer (BOOT) contract, Aggreko will be responsible for supplying, commissioning, maintaining and operating the power plant for […]
Danakali outlines huge potash potential on its Africa doorstep
Emerging sulphate of potash (SOP) producer Danakali (ASX: DNK) has passed another key step in Eritrea and now heads for production, not only with Asian markets in mind, but plans to realise huge potential in food-hungry Sub-Saharan Africa. The key statistic: Africa has the potential to produce between two and three times the present quantity […]
Danakali identifies economic and environmental improvements to flagship Colluli SOP project
Africa-focused sulphate of potash explorer Danakali (ASX: DNK) has completed an updated process plant and infrastructure study for the Colluli project, which has identified optimisation studies and confirmed the “robustness” of the front end engineering design. Danakali noted it had identified environmental and economic improvements including a beach well intake for the water intake treatment […]
Danakali eyes finish line for Eritrea potash project
Eleven years after acquiring the project and 10 years after the first drill hole was sunk, Danakali (ASX: DNK, LSE: DNK) is now targeting first production two years out at its Colluli Sulphate of Potash project in Eritrea. The company described the project as “ready for take-off” in a presentation two months ago and has […]
Danakali secures cornerstone potash offtake deal with EuroChem
Future potash producer Danakali (ASX: DNK) has signed a binding “take-or-pay” offtake agreement with EuroChem, one of Europe’s largest phosphate fertilizer companies based in Switzerland. The potash giant accrued over US$4.9 billion in sales last year and offloaded over 13 million tonnes in potash sales volumes. According to Danakali’s chairman Seamus Cornelius, the deal represents […]
