Circum Gets Green Light to Extract Potash




The Council of Ministers has given the green light to an application by Circum Minerals Ltd to extract potash mineral in Danakil Depression. This will make the company the only one to be engaged in the extraction of potash.

The British company is expected to sign an agreement with the Ministry of Mines in the coming weeks.

Previously, Alana Potash was the only company that extracted potash in the country. The company, however, stopped exploration five months ago, 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.



Published on Mar 18,2017 [ Vol 17 ,No 880]


SHARE :
               


Editorial

Two weeks ago, a landslide in the Repi area of Addis Abeba, commonly kn...


Agenda

The health sector has always been an issue that has long concerned the...


Fineline

There could perhaps be no political party in the wo...


Commentary

In today's growing market place, many businesses are trying to make pro...


Viewpoint

Uncertainty surrounding one of President Barack Obama’s signature...


Opinion

There are some studies which suggest the primary reason for the creatio...


View From Arada

It has been almost six months since the announcement of the state of em...


Editors Pick














MEMBERS' LOGIN

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

SUBSCRIBE TO ADDISFORTUNE

Subscribe to our Newsletter

* indicates required


ADVERTISEMENT