Danakali decreases Colluli mine capex by 30%

摘要

Danakali’s Colluli potash project will have an initial development capital requirement of 30% less than originally anticipated, the project’s Definitive Feasibility Study has revealed. The Eritrean mine’s initial development capital is now expected to cost $298 million while phase two development capital was also decreased by 38% to $175 million, of which the majority is likely to be funded by operating cashflows, Danakali said in a company statement.