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The drilling programme continued through 2010 and 2011 and Ethopian Danakil Basin by 24hgold 24hgold · The break fee in Allana's deal with ICL is just $5.5 million — not a large amount for a Chinese multinational. The Allana-ICL deal has been a hot topic on Internet message boards,
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Up 103% since the start of the year stock in Allana Potash Corp, advancing a project in Ethiopia was trading steady on Thursday after the company announced it had intersected strong potash mineralization in an area not previously drilled at its 160 square km Dallol project in Ethopia. ... part of the Danakil Depression (pictured). Press Release ...
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Earlier, in mid-June, the company claimed to have found a new high-grade potash zone in Hole 19, Dallol property in the Danakhil region, in Ethiopia. Allana says that the results yielded more than 61 percent of potash, which is the highest grade potassium chloride it has come across so far.
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In 2014, ICL acquired 16.22% of Allana for USD 25 million. Allana held a concession to mine potash at the Danakil mine in Ethiopia's Afar National Regional State. The project was estimated to yield one million tons of muriate potash (MOP) per year for 25 years, according to a feasibility study conducted in February 2013 by Allana.
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The Technical Report is with respect to Allana's Preliminary Economic Assessment ("PEA") completed on the Company's Danakhil Potash deposit, located in the Afar State, Ethiopia, the results of which were announced in a press release of the Company dated November 22, 2011 and filed on the SEDAR profile of the Company at …
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Allana Potash, which was listed in the Toronto Stock Exchange through its subsidiary company Allana Potash Afar, was prospecting for potash deposit in the Danakil Depression in North East Ethiopia for more than six years and spent tens of millions of dollars on the exploration project.
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In 2014, ICL acquired 16.22% of Allana for USD 25 million. Allana held a concession to mine potash at the Danakil mine in Ethiopia's Afar National Regional State. The project was estimated to yield one million tons of muriate potash (MOP) per year for 25 years, according to a feasibility study conducted in February 2013 by Allana.
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The Danakil mining project has received the backing of the Ethiopian government, which has committed to providing electric power by building a 130-km long power line, according to Yara. The government will also construct a new road to support mining operations. Allana Potash (TSX:AAA) is also developing a potash project in the Danakil Depression.
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Israeli Company Pumps 25 Million Dollars Into Afar Potash ... Allana's potash project is in the Danakil area of the Afar Region. Allana – a subsidiary of the Toronto Stock Exchange listed Allana Potash Corp, which had a five-year exploration process in the Dallol-Potash Project – secured a 20-year license for production on 310,176 sq kms in Dallol, in an …
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Ethiopia is rich in potash, a form of potassium that is commonly used as an ingredient in crop fertilizers. Allana has been conducting feasibility studies in Dallol – part of the Danakil depression – for the last five years with the support of the country's current investment regime, which has enabled exploitation of the resources.
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COMPANY PROFILE - Allana Potas... More details; COMPANY PROFILE - Allana Potash - Allana speak to Kasia Patel about the Dallol potash site in the Danakil depression, Ethiopia. Year of publication: 2013. Published in: Industrial minerals : IM. - London : Metal Bulletin Ltd, ISSN 0019-8544, ZDB-ID 4108310. - 2013, 546, p. 74-73
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Toronto-based Allana is in the same position as many other junior mining firms: it has a great project but no easy way to finance it in the current rough market conditions. The company's Danakil project in Ethiopia is expected to cost US$642 million; by comparison, Allana had less than $8 million on its balance sheet at the end of January.
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Allana's Dallol Potash Project is located in northern Ethiopia, and covers approximately 160 km2 of prime exploration acreage within the Danakil Depression or evaporite basin. Dallol is 100 kilometers from the Red Sea Port of Mersa Fatma, and 600 kilometers by road from the deep water Port of Djibouti. Government authorities are very ...
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In early September, Toronto-listed Allana Potash, which also owns a concession in the Danakil, announced it was buying out its neighbour Nova-Ethio Potash. Nova's lease has a large amount of water on it, important to the solution-mining process being used by Allana to extract the sylvinite resources that produce potash. Africa Insight
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