Danakali to supply 200 000 t potash to potential offtakers

Potash developer Danakali has signed several nonbinding memoranda of understanding (MoUs) with potential offtakers for the supply of 200 000 t/y potassium magnesium sulphate (SOP-M), which represents the second premium, choride-free multinutrient potash type from Danakali’s Colluli resource, currently trading at $450/t. Based in Eritrea, the Colluli resource is one of the closest potash deposits to a coastline globally and is the shallowest known evaporate deposit in the world.