"What we've essentially accomplished is the de-risking of the project in terms of resource - in terms of the Opex and Capex costs, we've now got them settled down at an area that we've very confident that this project is going to be financed and get off the ground," Richard Kelertas, Allana senior vice president corporate development, told IM.
"We have applied for licences, but we haven't done anything with them. We've done very perfunctory work on them, but we're concentrating on Ethiopia because that's our flagship project right now," Kelertas said.
"The African market is underserviced by the potash market right now. So we've signed a memorandum of understanding to demonstrate the use of potash in Ethiopian agriculture. But, of course, that will probably spread within eastern Africa where they're not using potash as well," he added.
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