Danakali Limited - Second Round Of Stakeholder Engagements Complete

Danakali Limited - Second Round Of Stakeholder Engagements Complete

Danakali Limited (ASX:DNK) has completed the second round of stakeholder engagements associated with the granting of the Mining License for the Colluli Potash Project in Eritrea. The social and environmental impact assessment engagements are now complete. The mining license approvals process continues to progress well with representatives from the Ministry of Land, Water and Environment, and the Ministry of Energy and Mines visiting the Colluli site over the past month.


Second round of post DFS stakeholder engagements complete as mining license approval and stakeholder engagement process advances

Highlights

  • Second round of community and stakeholder engagements completed as the mining license approval process advances
  • The social and environmental impact assessment engagements are now complete 
  • The engagements follow the completion of a public review period for Colluli Social and Environmental Impact Assessment (SEIA) and associated management plans (SEMP) which closed on the 11th July
  • The management plans have been discussed with all local stakeholders
  • Impact assessment and management plan documents have been made available to local communities at key population centres in the local area
  • The mining license approvals process continues to progress well with representatives from the Ministry of Land, Water and Environment, and the Ministry of Energy and Mines visiting the Colluli site over the past month
  • Ongoing community, local government and stakeholder engagements are planned throughout the project development cycle

Danakali Limited (ASX:DNK) (“Danakali” or the “Company”) is pleased to announce that, consistent with the requirements of the Equator Principles, and to support the approval for the mining license application for the Colluli Potash Project, a second round of post definitive feasibility study (DFS) local stakeholder engagements has been completed within Eritrea. In addition to presenting the outcomes of the social and environmental impact assessments (SEIA), the associated management plans were presented. The impact assessments and management plans have been made available to the local communities.

While the public review period for comment on the impact assessment and associated management plans closed on the 11th of July, ongoing engagement and feedback forms and essential component of ongoing community engagement. No issues were raised from the public review and feedback process. Regular stakeholder engagements will continue as the project advances through its development phases.

Managing Director, Paul Donaldson said “Ongoing dialogue with the local communities and key stakeholders is absolutely critical in establishing ourselves as a responsible corporate citizen and ensuring that appropriate forums exist to raise any issues or concerns with the development. To date we have had overwhelming support for the project. We are working closely with the relevant ministries as the mining license approval progresses and to date there has been a high level of engagement and focus on this process in the country. Over the past month, in addition to the stakeholder engagements, we have hosted visits for representatives from the Ministry of Land, Water and Environment as well as the Ministry of Energy and Mines.”

The project DFS which was completed in late 2015, indicates Colluli is a world class project with industry leading capital intensity, bottom quartile operating costs and an ore reserve of 1.1 billion tonnes.

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