Yara Confirms Potential for Potash Mining in Ethiopia

Norway’s Yara International SA (OTCMKTS:YARIY) announced the results of a feasibility study that confirms potash mining potential in the Danakil depression in Northeastern Ethiopia.

As quoted in the press release:

The independent study identified an annual production of 600,000 metric tons sulfate of potash (SOP) over 23 years from reserves (Kainite, Carnallite and Sylvinite) at Yara’s Danakil concession. The company, which aims to begin mining activities in 3Q, 2018, is now seeking equity partners to develop the project.

Click here for Yara International SA (OTCMKTS:YARIY) press release