Danakali
Developing the future of potash mining in Eritrea's Danakil Depression through a strategic joint venture.
Developing the future of potash mining in Eritrea's Danakil Depression through a strategic joint venture.
Danakali is a company focused on the development of the Colluli Potash Project located in the Danakil Depression region of Eritrea, East Africa. Established in 2003, the project is owned by the Colluli Mining Share Company (CMSC), a 50:50 partnership between Danakali Limited and the Eritrean National Mining Company (ENAMCO). The company recently received a $50.00MPost-IPO Equity investment on 04 December 2019 from the Africa Finance Corporation, signifying a significant development in its growth trajectory. With a strategic joint venture and a focus on the future of potash mining, Danakali is set to make a substantial impact in the industry.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Post-IPO Equity | $50.00M | 1 |
|
04 Dec 2019 |
| Post-IPO Debt | $200.00M | 1 |
|
09 Aug 2019 |
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