The Conversation (0)
- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
Top Stocks
Top Resource Stocks
Top Tech Stocks
Top Life Science Stocks
Trending
Trending Articles
Trending Press Releases
Resource
Popular Lists
Investing Ideas
Outlook Reports
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
Investing Guides
Tech
Popular Lists
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
Investing Ideas
Outlook Reports
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
Investing Guides
Life Science
Popular Lists
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
Outlook Reports
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Investing Guides
Allana Potash Files Completed Feasibility Study for Danakhil, Moves Towards Mining License
Apr. 18, 2013 07:34AM PST
Potash InvestingAllana Potash Corp. (TSX:AAA, OTCQX:ALLRF) announced that they have completed and filed the Feasibility Study for the Danakhil project in Ethiopia.
Allana Potash Corp. (TSX:AAA, OTCQX:ALLRF) announced that they have completed and filed the Feasibility Study for the Danakhil project in Ethiopia.
As quoted in the press release:
In addition, the Environmental, Social and Health Impact Assessment (ESHIA) report, which forms part of the Mining License application, is in the final approval stages and a decision is expected by the end of April. Exploration drilling has been resumed on the Nova license targeting resource expansion in both the western and southern blocks. Additional pilot solution mining-solar evaporation testwork is ongoing to optimize operating conditions. Infrastructure progress for the project includes initiation of road construction at the new port of Tadjoura as well as civil work at the port.
Allana’s President and CEO, Farhad Abasov, said:
Allana is extremely pleased to present to the Ministry of Mines of Ethiopia a very positive Feasibility Study of its Danakhil Potash Project, as prepared by ERCOSPLAN. The FS is the final document required to upgrade the Company’s Exploration License to a Mining License and represents a significant milestone for the Company. In addition, the ESHIA evaluation is approaching completion and we are expecting a positive decision from the government by the end of April with respect to the ESHIA. Allana’s FS places this project as one of the lowest CAPEX and OPEX opportunities in the potash sector and granting of the Mining License will be important as the project advances to construction.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.