Allana, ICL launch technical cooperation on Ethiopia potash project

19 March 2014 13:00 Source:ICIS News

Potash Mining (images provided by Uralkali)TORONTO (ICIS)--Canada’s Allana Potash and Israel Chemicals (ICL) on Wednesday launched a technical cooperation on Allana's planned Danakhil potash project in Ethiopia, Allana said.

As part of the cooperation, the companies will be looking at a number of aspects of the Danakhil project, including its hydrology and water supply design, its solution mining and evaporation pond operations procedures and output, as well as transportation logistics and product storage.

The technical cooperation follows a strategic alliance Allana and ICL formed last month.

"We look forward to the next stage of our cooperation during which ICL's experts will advise Allana in connection with its pre-construction work programmes to refine our operating procedures for water extraction, solution brine management and transport facility and operations design, among other elements," said Allana CEO Farhad Abasov.

"ICL's technical assistance, as well as its take-or-pay off-take and significant equity investment in Allana, significantly contributes to de-risking the project and will facilitate Allana's construction and production activities," he added.

Additional reporting by Mark Milam in Houston

By Stefan Baumgarten