Circum awarded Ethiopian potash mining licence

London-based potash project developer Circum Minerals has secured a mining licence for its Danakil potash project. The licence was approved by the Council of Ministers of the Federal Democratic Republic of Ethiopia and gives Circum exclusive access over the 4.9-billion-tonne Canadian National Instrument 43-101-compliant potassium resource contained within the 365 km2 licence area, for an initial period of 20 years. It is renewable indefinitely for further ten-year periods, should the project continue to be financially viable.