South Boulder Mines Ltd plans to produce 2-10m. tpa potash within the next five years at its Colluli deposit in Eritrea, East Africa, the Australian company told IM.
The Eritrean project, located about 70km from Mersa Fatma port on the Red Sea and about 200km south-east of the capital Asmara, could be in production by mid-2016.
“The potash sector has excellent long-term growth drivers and there is a large amount of sector interest,” declared managing director Lorry Hughes.
South Boulder plans to target Asian markets for its potash, mainly China, India and Indonesia, which are big consumers of the fertiliser mineral.Geology & mineralogyThe project consists of buried evaporite deposits in which two shallow potash bearing horizons were identified from historic diamond drilling conducted in 1968 by the former Ethiopian...