Circum Minerals has secured approval for its mining licence for the Danakil Potash Project located in the Danakil region of north-east Ethiopia.

The secured licence gives the company exclusive access of the 4.9 billion tonnes NI 43- 101 compliant potassium resource contained within the 365km² licence area for an initial period of 20 years. The tenure can be extended by a further decade.

Circum Minerals chairman and co-founder Stephen Dattels said: “We are delighted that the Ethiopian Government has approved the mining licence for this world-class project.

“This represents a significant milestone for both the company and the country.

“We now have a compelling investment case that supports the development of this project given our discovery and proving of its vast resource, our demonstration of its outstanding financial viability, the successful operation of our solution mine and subsequent production of potash products and most importantly, the strong level of government support we have been afforded, which is demonstrated by the award of the mining licence.”

“We now have a compelling investment case that supports the development of this project given our discovery.”

This licence enables exploitation of potassium-bearing minerals, which exist at relatively shallow depths within the designated area.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Minerals will be exploited by a solution mining that is the lowest risk method for this region, and will be processed by crystallisation in solar ponds and then refined in a process plant.

The combination of these techniques, which have already been proven by field trials in the license area, will return operating costs projected to be among the lowest  in the global potash  industry for both potassium chloride (MOP)  and potassium sulphate (SOP).

This licence comes following submission of a comprehensive set of pre-requisite data, which comprised a definitive feasibility study, a social and environmental impact assessment (ESIA) and associated management plans and detailed production and financial models.