licks, get with the program! They, if they make it to production, have no plans to mine SOP!!
That may be so MYLIAR but what do you think about our rumoured Partner.What's there intention and do you think they might have in mind regarding our resources and water rights .....I'm I going to meet you at the PDAC or will you be to busy on the Allana billboards ....Hmmm..PDAC / Allana Party at 5-7 at Ki Japanese Restuarant in Toronto...And it's a Tuesday....lol...time will tell and I'm glad I'm on the right side of the coin....Do you think it will be Allana to release or ICL ....That should be a great day on the markets for Allana's share price when it happens ...Two rumours in such a short period of time ......I think it's just a matter of time and so do those buying up those millions of shares in the last month or so....And you see from the article Allana was trading at C.44 cents on January 23/14 just 13 business days ago...Time will Tell....TIC TOC TIC TOC
Israel Chemicals Said Near Accord With Allana on Potash
By David Wainer and Christopher DonvilleJan 23, 2014 2:42 PM ET
Israel Chemicals Ltd. (ICL), which harvests minerals from the Dead Sea to produce fertilizers, is nearing an agreement to help Canada’s Allana Potash Corp. (AAA)develop a potash mine in Ethiopia, according to a person familiar with the talks.
The person asked not to be identified because the information isn’t public. The talks could still fall apart.
A tie-up may provide ICL with a new source of potash nearer to buyers in India and China just as a government-appointed panel is leading a review of Israel’s natural-resources royalties and taxes. Potash Corp. of Saskatchewan Inc., Canada’s largest potash producer, scrapped a proposed bid for ICL in April because of uncertainty surrounding Israeli policies.
“ICL has recently announced its new strategy and cited an intention to develop potash capacity beyond its current mines,”the Tel Aviv-based company said today in an e-mailed response to questions. “ICL is discussing many opportunities and projects around the world.”
ICL also said its collaboration with other companies often begins with it providing technical assistance. The current potash market, in which prices have slumped in the past 12 months, is “challenging” for all potash mines that are being developed from scratch, it said.
The agreement would give Allana, with a market capitalization of C$115 million ($103 million) and no revenue, an experienced partner to help it develop its mine in Ethiopia’s northeastern Danakil Depression.
Richard Kelertas, a spokesman for Toronto-based Allana, declined to comment on ICL’s interest.
Allana’s proposed mine would flush water-soluble underground potash deposits with brine. The resulting liquid solution would be pumped to evaporation ponds on the surface. In May, the company said Ethiopia approved Allana’s environmental, social and health impact assessment for the project. A feasibility study was completed in February.
Allana was 1.1 percent higher at C$0.44 at 2:39 p.m. in Toronto after earlier rising as much as 3.5 percent.
To contact the reporter on this story: David Wainer in Tel Aviv at dwainer3@bloomberg.net; Christopher Donville in Vancouver at donville@bloomberg.net
To contact the editor responsible for this story: Simon Casey at scasey4@bloomberg.net