Colluli will go into a new potash project orbit that includes EuroChem's own Volgakaliy development in Russia.
EuroChem may use a portion of Colluli SOP to produce complex Nitrogen Phosphate Potassium (NPK) fertilisers at its facilities in Antwerp, Belgium and Nevinnomyssk, Russia, while the balance of SOP provided to EuroChem will be sold through their international channels.
Danakali and its 50:50 Eritrean state partner ENAMCO at Colluli have the option to sell up to 13% through alternative sales channels.
Commercial details weren't disclosed.
Danakali and its 50:50 Eritrean state partner ENAMCO at Colluli have the option to sell up to 13% through alternative sales channels.
Commercial details weren't disclosed.
EuroChem is a vertically integrated fertiliser company that currently developing a major operation in Russia - VolgaKaliy.
"Colluli is one of the closest SOP deposits to a coastline anywhere in the world and, in solid form, the salts at Colluli can be processed immediately, significantly reducing the time between mining...
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