ASX-listed Danakali on Thursday announced that the African Export Import Bank (Afreximbank) had granted credit approval to provide preferred power contractor Inglett & Stubbs International (ISI) with a $42-million guarantee that would facilitate senior debt funding for the Colluli sulphate of potash project’s power plant. As previously announced, Afreximbank, in partnerships with Africa Finance Corporation (AFC) had also obtained approval to provide the Colluli Mining Share Company (CMSC) with a $20-million senior debt facility to fund construction and project execution for Colluli.
