Circum Minerals Limited is a private company developing the Danakil Potash Project in northeastern Ethiopia. With a mineral resource of 4.9 billion tonnes at 18.1% KCl (potassium chloride) and seismic data suggesting an overall resource size of 12 to 14 billion tonnes of potash-bearing salt beds, the Danakil Potash Project is one of the world’s largest undeveloped potash resources.
At full production, Circum will produce 750 000 tonnes of sulphate of potash (a premium chloride-free potash product) per year across three product categories – standard, granular and water soluble. There is also potential to expand production as market conditions allow and to produce muriate of potash, the most common form of potash fertilizer, given the unique characteristics of the resource.
Circum will use low-cost solution mining to extract the salts from the deposit before processing it through solar evaporation, taking advantage of the high temperatures in the area. The material will then be refined in a purpose-built processing plant. Cash costs are projected to be among the lowest in the potash industry.
- Significant resources in excess of 100 years' mine life
- Current production plan for 750 000 tonnes per year of sulphate of potash
- Trial mining completed
- Excellent quality sulphate of potash and muriate of potash products produced
- Development of road and electricity infrastructure nearing completion
- Port in Djibouti complete
- Water resources identified
- Modular mine development allows flexibility
- Cash costs among the lowest in the world
- Location provides easy access to all global markets