Colluli Potash

Danakil Depression, Eritrea · SOP · Colluli Mining Share Company (CMSC); SRBG 50% / ENAMCO 50%

intelligence-gradedevelopment

Derived from the deployed data layer at build · dataset v2.4.3 · record reviewed 2026-05-02 · machine-readable: /api/v1/deposits/colluli-potash.json

Investment screen

DFI · investment house — is this fundable, watchable, or a pass?

Life-cycle stagedevelopment Derived

Operating statusPre-production under SRBG ownership; construction progress not publicly verified Sourced

Reserve (P+P)1100 Mt @ 10.5% K2O equivalent Sourced

Reserve basis (verbatim)100% project basis (~203 Mt SOP equivalent contained)

Risk-adjusted rate (§10)not published — asset-level screening not yet worked (base formula is public; see gaps below) Absent

Value anchors

advisory · corporate development — what does the record support?

Resource (M+I+I)1289 Mt @ 11% K2O equivalent Sourced

Resource basis (verbatim)100% project basis (~260 Mt SOP equivalent contained)

Primary sourceDanakali historical JORC disclosure (carried in 2022 half-year report); operator change verified March 2023 … Sourced

Comparables (SOP-matched)none in the 25-set for this commodity · full screen Absent

Risk read

mining major · insurer — what is the exposure?

Province IC compositeAfar Depression — 2.5/10 Derived

Ownership structureSRBG 50% + ENAMCO 50% at CMSC level since 31 March 2023; Danakali fully exited Sourced

Country risk noteEritrea UN sanctions removed 2018; U.S. OFAC sanctions Nov 2021 on certain Eritrean entities/individuals (did not directly apply to Danakali/ENAMCO/CMSC but complicated business + …

Recent events (record)Danakali divested 31 March 2023 to SRBG ($135M + $31M shareholder loan = $166M); CMSC ownership now SRBG 50% + ENAMCO 50%; Phase 1 capacity target 472 ktpa SOP; Phase 2 expansion to 944 ktpa … Sourced

What this record does not yet support — disclosed, not estimated

Risk-adjusted discount rate — deliberately not published. A province-level base is mechanically computable from the published formula (r = 8.0% + (10 − IC) × 0.8%), but Afrimintel does not publish an asset rate without asset-level tenure, settlement, and structure screening (the §10 worked-dossier process). Publishing the base alone would misstate asset risk. Each worked decomposition converts this Absent to a Derived range.
Transparency flag on record: historical baseline current opaque