Danakali to raise loan for Eritrean mining project

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Danakali to raise loan for Eritrean mining project

Mariam Meskin
August 05, 2019 01:30 PM
Potash Corp PA 230x150
The Rocanville potash mine owed by the Potash Corporation of Saskatchewan in Rocanville, Sask. is shown in this 2007 photo. A report on BHP Billiton's hostile bid for PotashCorp says the takeover could reduce Saskatchewan's revenues by at least $2 billion over the next 10 years. THE CANADIAN PRESS/Troy Fleece | TROY FLEECE/The Canadian Press/PA Images

Australian potash company Danakali will raise a $200m credit facility from lenders in Africa. The syndicated facility will go towards funding the planned Colluli potash project in Eritrea.

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