srael Chemicals has been in talks recently with a Canadian listed company Allana Potash about opening a potash mine in Ethiopia. Site is cheaper on balance than other places worldwide, closer to company’s main markets.
By Yoram Gabison - Aug. 12, 2013
Israel Chemicals has been in talks recently with a Canadian listed company Allana Potash about opening a potash mine in Ethiopia.
Allana Potash CEO Farhad Abasov met with ICL senior management in Tel Aviv three weeks ago to seek ICL's participation in the construction of a mine at the Dallol site in Ethiopia's Danakhil Valley, located in the country's northeast.
Allana has already raised $85 million from investors to build the mine, which is expected to yield a million tons of potash annually. The mine site has 182 million tons of proven potash reserves and potential reserves as high as 438 million tons. The mining project will be based on technology in which ICL has particular expertise from its Dead Sea Works, pumping and evaporating brine to extract potash.
https://allanapotashblog.org/