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Australia’s South Boulder strikes Eritrea Potash deal

Australia's South Boulder strikes Eritrea Potash deal NAIROBI | Wed May 15, 2013 11:53am EDT May 15 (Reuters) - Australia-based South Boulder Mines has handed the state of Eritrea an increased stake in its Colluli potash mine under the terms of a new joint venture agreement, the miner said in a statement. South Boulder, which had held a 90 percent stake in the potash project, said... 

South Boulder Mines signs milestone JV for Colluli Potash Project with the Eritrean National Mining Corporation

South Boulder Mines signs milestone JV for Colluli Potash Project with the Eritrean National Mining Corporation Tuesday, May 14, 2013 by Bevis Yeo South Boulder Mines (ASX: STB) has reached a major milestone in the development of its Colluli Potash Project in Eritrea with the signing of a binding term sheet agreement with the Eritrean National Mining Corporation (ENAMCO). Importantly,... 

Colluli Potash: Sequel Success in Eritrea’s Mining Sector

Written by Kesete Ghebrehiwet Eritrea’s geology has proven to be quite attractive for investors in the mining sector. What has been achieved in the mining of gold and base metals would soon be followed by potash. This will apparently push the development of Eritrea’s mining sector forward. Shabait has, during the Asmara Mining Conference held last week in Asmara Palace, conducted an interview... 

Video: Eritrea’s Multi-Billion Gold/ Potash Reserve

Eritrea South Boulder Mines to produce 1 million tonnes of potash worth US $1.33 billion per annum   South Boulder Mines (ASX:STB) has received strong metallurgical in-fill drilling results at its Colluli Potash Project in Eritrea, that potentially could boost the economics of the Project. The results demonstrated that project economics could be enhanced particularly in the early... 

Eritrean Government looks to increase Colluli Potash Project stake

Monday, March 26, 2012 by Christine Feary An approach from the Eritrean Government to purchase a 30% interest in the Colluli Potash Project provides certainty and facilitates the company’s efforts to secure additional investors as it works towards the completion of a Definitive Feasibility Study. South Boulder Mines (ASX: STB) has received a further vote of confidence in the company’s... 

South Boulder Mines steps on the gas towards its transition to potash producer in Eritrea

Wednesday, January 11, 2012 by Angela Kean Highly favourable economics for the Colluli Potash Deposit in Eritrea have allowed South Boulder Mines to expedite the transition to potash production in 2016 or even sooner. The company is also strengthening its cash position with a A$10.7 million capital raising that will increase its bank balance to $21 million in early February. South Boulder Mines... 

South Boulder Mines Announce Significant Increase in Colluli Potash Resource

  South Boulder Mines Limited (ASX:STB) Announce Significant Increase in Colluli Potash Resource Perth, Oct 4, 2011 (ABN Newswire) – South Boulder Mines Limited (ASX:STB) is very pleased to report a 130% increase to the Measured and Indicated resource at the Colluli Potash Project. Within 100m of the surface, the total JORC Compliant Mineral Resource... 

South Boulder Mines makes key appointment for Colluli Potash Eritrea

 Perth, Aug 25, 2011 (ABN Newswire) – South Boulder Mines Limited (ASX:STB) is pleased to announce the appointment of a highly experienced open cut mining engineer to the management team. Dayle Kenny (BE Mining, MBA, MAusIMM) has over 30 years mining and feasibility study experience gained from a variety of senior management roles that are relevant to the Colluli open pit potash project.... 

South Boulder Mines near surface potash hits continue unabated at Colluli

South Boulder Mines (ASX: STB) string of high grade near surface potash discoveries continues at the Colluli Potash Project in Eritrea. The significance of the latest hits at Area B is the confirmation by the company of the current exploration target of 1.25 to 1.75 billion tonnes at 18-20% KCl.                                                                                                                                                     ... 

NGEx Announces Major Exploration Programs Underway in South America and Africa

Degital Journal, Feb 15, 2011 VANCOUVER, BRITISH COLUMBIA–(Marketwire – Feb. 15, 2011) – NGEx Resources Inc. (TSX:NGQ) ('NGEx' or the 'Company') is pleased to provide an update on the significant exploration programs being carried out on its projects in South America and Africa (please see attached maps). The Company's exploration budget is focused on large scale... 


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