Allana Potash: Potash in East Africa
Potash – Potash Investing News spoke with Allana Potash's senior vice president of corporate development, Richard Kelertas, who offered us a look at the company.
Potash – Potash Investing News spoke with Allana Potash's senior vice president of corporate development, Richard Kelertas, who offered us a look at the company.
Tantalum – Tantalum from Africa is often overshadowed by conflict in one country, but the metal can be found across the continent.
Potash – Allana Potash Corp. (TSX:AAA,OTCQX:ALLRF) announced that the feasibility study for its Ethiopia-based Danakhil potash project has returned positive results, including an after-tax net present value of US$1.32 billion.
Potash – Following years of relative political stability, potash juniors in Ethiopia are banking on continued security in the country’s prized Danakil region.
Tantalum – 2Merkato reported Ethiopia's Ministry of Mines expects to bring in $849 million revenue from mining of gold, platinum and tantalum in the next fiscal year with artisan miners accounting for 70 percent.
Potash – Reuters reported that Ethiopia has signed deals with China and Turkey to build a railway that will connect Ethiopia to the Tadjourah port in Djibouti. The railway will facilitate potash exportation from Ethiopia, where companies including Allana Potash Corp. (TSX:AAA,TSXV:AAA) are developing mines.
Gold – Mining Weekly reported that Nyota Minerals (ASX:NYO) has begun exploration drilling at its Ethiopia-based Tulu Kapi gold project.
Silver – Tigray Resources Inc. (TSXV:TIG) announced drill results from eight holes at the Ethiopia-based Terakimti project.
Gold – Mining Weekly reported that Stratex International (LSE:STI) is discovering gold mineralization at its Ethiopian property.
Gold – Bloomberg reported that National Mining's discovery of gold deposits in Ethiopia holds the potential to substantially increase the country's gold output.
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