to Yara thus Allana and build a rail line. How much does this reduce the OPEX and also one would think the Capex.

Feasibility study confirms the potential of Yara International’s potash concession (Feb 18, 2015)

The Norwegian company, Yara International, has announced that an independent feasibility study of its concession in the Afar Regional State has confirmed the potential for potash production. The study identified potential for an annual production of 600,000 metric tons sulfate of potash (SOP) over 23 years from reserves (Kainite, Carnallite and Sylvinite) in Yara`s Danakil concession. The company, which aims to begin mining activities in the third quarter of 2018, is now seeking equity partners to develop the project. The potash will be mined using solution mining technology and the brine produced at the mining sites will be evaporated utilizing high solar radiation. Sustainable water availability has been confirmed through a water exploration campaign. The harvested salts will be processed and re-crystallized to SOP. Both standard and compacted SOP will be produced. The potash will be exported through the port of Tadjoura in Djibouti, where the project will include a storage and handling terminal at the new port currently being constructed by the Djibouti Port Authority. The project is estimated to cost USD 740 million. The combination of a unique geological structure and the extreme climate of the area have meant that Yara has had to develop new technological processes to utilize the local advantages fully. The Government will provide power by building a 130km long power line and it will also construct a road to support mining operations. An environmental and social impact assessment study has confirmed that the project complies with Ethiopian environmental legislation as well as international guidelines and standards.