Circum Gets Extraction Greenlight

The Ministry of Mines, Petroleum & Natural Gas has signed an agreement with Circum Minerals Ltd to extract potash mineral in Danakil Depression. This will make the company the only one engaged in the extraction of potash.

Cirum has had a presence in Ethiopia for more than 10 years. With the aim of exploration, about 50 million dollars were invested by the company so far.

Alana Potash was the only company that extracted potash in the country. Five months ago, the company stopped exploration, citing poor infrastructure and regulatory frameworks in the country as a major reason to abandon their project.

Circum has been working in Ethiopia for the past decade. It has so far invested 50 million dollars in exploring the area and conducting a feasibility study.


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