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  • Australia-India consortium wants to restart historic gold mine 2016-04-12
    An Australian-Indian consortium wants to restart gold mining in a district that helped symbolise former British rule in India and produced some 25-million ounces over 150 years before being abandoned due to low bullion prices. Mining in the Kolar gold field in Karnataka state in Southern India ended in 2001 as gold prices slumped. But a government tender could lead to mining leases held by Bharat Gold Mines Ltd sold to the highest bidder and operations resume.
  • Essel targets potash licence in Eritrea 2015-08-11
    Essel Group India subsidiary Essel Group Middle East (EGME) has continued its expansion into the African mining sector through the acquisition of Canadian company NGEx Resources’ Bada potash exploration licence, in Eritrea. The company aimed to start the first phase of drilling at the little-explored 736 km2 mining area located in the Danakil Depression, about 150 km southeast of Eritrea’s capital city, Asmara, in October.

Nearby Location News

  • ASX: EPC Contract Bidding Process Commences For Colluli Project 2016-09-14
  • Danakali’s Eritrea potash project attracts A$6.7m 2016-08-12
    ASX-listed Danakali is looking to raise A$6.7-million through the issue of 20.2-million shares, at A$0.33 apiece, which will be used to advance the development of its Colluli potash project, in Eritrea. MD Paul Donaldson said on Friday that the placement was testimony to how the international profile of the project, with an estimated mine life of over 200 years, has grown. “This is a clear endorsement of the project, the jurisdiction and the company. It also demonstrates the attractiveness of the Colluli project and Danakali as an emerging agri-commodity company,” he added.
  • Danakali to supply 200 000 t potash to potential offtakers 2016-07-20
    Potash developer Danakali has signed several nonbinding memorandum of understandings (MoUs) with potential offtakers for the supply of 200 000 t/y potassium magnesium sulphate (SOP-M), which represents the second premium, choride-free multinutrient potash type from Danakali’s Colluli resource, currently trading at $450/t. Based in Eritrea, the Colluli resource is one of the closest potash deposits to a coastline globally and is the shallowest known evaporate deposit in the world.
  • Danakali receives positive feedback from Colluli impact assessment reviews 2016-07-11
    Potash developer Danakali announced on Monday that the two-month public review period for the ASX-listed miner’s Eritrea-based Colluli potash project’s social and environmental impact assessment (SEIA) and associated management plans (SEMP) was now complete, with only positive feedback received on the content, quality and comprehensiveness of the assessment and management plans. “This is a great outcome and reinforces the excellent work done to date to support the project development,” said Danakali MD Paul Donaldson, adding that the work was effectively made available to the international community for the two-month review period.
  • Interest grows in premium potash project 2016-05-14
    Not all potash projects are created equal, as Danakali's giant Colluli deposit shows

Bada News

  • Essel targets potash licence in Eritrea 2015-08-11
    Essel Group India subsidiary Essel Group Middle East (EGME) has continued its expansion into the African mining sector through the acquisition of Canadian company NGEx Resources’ Bada potash exploration licence, in Eritrea. The company aimed to start the first phase of drilling at the little-explored 736 km2 mining area located in the Danakil Depression, about 150 km southeast of Eritrea’s capital city, Asmara, in October.

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