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As a substantial decrease of phosphate rock and phosphate fertilizer market pricing has occurred, Hongyu has halted further exploration and development since August 2013 until the world market prices rebound and has kept the property in care and maintenance mode. Such an action preserves the phosphate rock in situ and saves operating capital while world prices for phosphate rock are in a depressed state. The Company's capital contributions to the project were held to a minimum by its contracting the mining and washing functions to Yichang Baolin Mining Engineering Co. Ltd. The mining permit has been extended to February 10, 2015. Hongyu is currently working on renewal of its mining permit for future operations on the property.
The Company has continued the services of several key employees in China to review other mining properties and opportunities. In pursuit of one such opportunity, Hongyu has obtained a registration code from Customs of People's Republic of China for the import and export business which may afford the Company the opportunity to act as an agent or distributor for the importation and exportation of fertilizer products.
10q is out
wow.. ok thanks
really looking forward to this 10q now
fr IR
Allana Potash (TSX: AAA) is pleased to introduce the Company's newly designed website.
Please refresh your browser and visit www.allanapotash.com
to become reacquainted with Allana's compelling story and investment proposition.
lol.. take it easy
you sure read alot into "didn't ya get the packet in the mail?"
you didn't get the packet in the mail??
AAA --> strong like bull
sell oil buy potash.. i like the sound of that!
some volume coming in on this uptrend.. not the place i would be dumping.. esp with the big developments coming
happy new year y'all.. 2015 will be AAAs year!!
If it's a severed head I'm going to be very upset..
phosphate market heating up in china... people makin moves
Israel Chemicals to invest $452M in Chinese potash company
Dec 16 2014, 09:52 ET
http://seekingalpha.com/news/2180985-israel-chemicals-to-invest-452m-in-chinese-potash-company
Israel Chemicals (ICL -0.2%) says it plans to invest $452M for 50% ownership of a joint venture that will operate a fully integrated, phosphate business in China, and will take a 15% strategic holding in Yunnan Yuntianhua, one of Asia's leading producers of phosphate rock.
The JV will include a mine that produces 2.5M tons/year of phosphate rock, a downstream phosphate operation and a marketing and sales organization that primarily serves the Chinese and the Asian markets.
ICL says the major thrust of the venture's strategy will be its transformation from a commodity fertilizer company to a specialty player in agriculture, food Ingredients and engineered materials.
backsliding.. guess LTT is back from vacation
Inaurgural Ethiopian Eurobond Issue a Success - Positive Implications for Allana Potash
http://www.allanapotash.com/s/News.asp?ReportID=687762
Toronto, Ontario, December 15, 2014 - Allana Potash Corp. (TSX: AAA) ("Allana" or the "Company") is encouraged by the successful US$ 1 billion Eurobond issue (10-year) recently launched by the Ethiopian Ministry of Finance. The sovereign debt offering was over-subscribed and was priced to yield 6.625%, below its original benchmark rate of 6.75%. This marks a first for Ethiopia in the Eurobond market and strong demand for the issue means the country will likely be able to tap these markets going forward to meet some of the financing needs of its fast growing economy. The proceeds of the offering will be used for key infrastructure projects in the country including its national railway, hydro-electric power projects and industrial expansion of key agricultural products and services.
Farhad Abasov, President and CEO of Allana, commented, "The recent successful, over-subscribed Eurobond sovereign debt offering by the Government of Ethiopia is applauded by Allana Potash. This is a testament to the growing economic and cultural stature of Ethiopia within Africa and the rest of the world. Ethiopia has made great strides over the past decade to improve its economic and social standing in the world, while improving the quality of life for all its citizens."
Mr.Abasov added, "This next step in Ethiopia's development as a nation also translates into positives for industrial and social development in the country and for private sector investors like Allana Potash:
• In infrastructure development financing for critical road, rail and power facilities to support industrial development projects such as Allana's Danakhil potash mine;
• In agricultural improvement investments to grow the backbone of the country's economy and demand for nutrients such as Allana's potash; and
• In the de-risking of Ethiopia as an investment destination for domestic and international financial institutions resulting in lower lending rates and greater project debt capacity in the country for the benefit of all development projects raising debt, such as ours.
Allana Potash plans to become the center-point in Ethiopia and in East Africa in the supply of this most critical of all soil nutrients, potash, to the region's fast growing agricultural sector."
About Allana Potash Corp.
Allana is a publicly traded corporation with a focus on the acquisition and development of potash assets internationally with its major focus on its potash property in Ethiopia. Allana has secured financial support from three significant strategic investors: ICL, one of the world's largest potash producers, IFC, a member of World Bank Group, and LMM, a member of Liberty Mutual Group. Allana has estimated measured Sylvinite mineral resources of 115.3 million tonnes of 27.8% KCl; indicated Sylvinite mineral resources of 212.1 million tonnes of 28.6% KCl, and an estimated inferred Sylvinite mineral resource of 90.8 million tonnes grading 27.8% KCl, In addition, the Project hosts measured Kainitite mineral resources of 552.3 million tonnes at 19.4% KCl, indicated Kainitite mineral resources of 598.2 million tonnes of 19.5% KCl and an estimated inferred Kainitite mineral resource of 481.8 million tonnes of 19.8% KCl; estimated measured Upper Carnallitite mineral resources of 121.5 million tonnes grading 17.5% KCl, estimated indicated Upper Carnallitite mineral resources of 289.8 million tonnes of 17.2% KCl and estimated inferred Upper Carnallitite mineral resources of 175.5 million tonnes of 16.5% KCl; estimated measured Lower Carnallitite mineral resources of 235.0 million tonnes of 9.7%KCl, estimated indicated Lower Carnallitite mineral resources of 322.2 million tonnes of 8.9% KCl and estimated inferred Lower Carnallitite mineral resources of 369.3 million tonnes grading 7.7% KCl. The foregoing mineral resource estimates are as at April 17, 2013. For more information with respect to the data verification procedures undertaken and the key assumptions, parameters and risks associated with the foregoing estimates, refer to Allana's Technical Report entitled "Resource Update for the Danakhil Potash Deposit, Danakhil Depression, Afar State, Ethiopia" dated effective April 17, 2013 filed under the Company's SEDAR profile at www.sedar.com on August 7, 2013.Allana has approximately 325.2 million common shares outstanding. Allana trades on the Toronto Stock Exchange under the symbol "AAA". For more information, please visit the Company's website at www.allanapotash.com.
The mineral resource estimates disclosed herein were completed by ERCOSPLAN under the supervision of Dr. Henry Rauche, Ph.D., EurGeol, Managing Director, CEO ERCOSPLAN, Dr. Sebastiaan van der Klauw, Ph.D., EurGeol., Consulting Geologist, ERCOSPLAN and Euro Ingenieur Ralf Linsenbarth of ERCOSPLAN Ingenieurbüro Anlagentechnik GmbH who are each independent Qualified Persons for the purposes of National Instrument 43-101.
Dr. Peter J. MacLean, Ph.D., P. Geo., Allana's Senior VP Exploration, is the Company's designated Qualified Person and has reviewed and approved the technical information presented in this release.
was trying to guess a cause for this little spike.. maybe the chinese gov't renewed the license?? i know it was up for renewal. i'm really looking for a resumption of mining operations (on top of the license renewal).. not too optimistic about getting a pr but am looking forward to the 10q
obviously, things can move fast around here
looking good Mike.. real good
anyone out there know where the buying is coming from?
Whether or not we get a financing announcement will prob depend on the water recharge rate testing (required by the lenders) being completed.. unless of course there some kind of buy-out announcement.
In the meantime.. I wouldn't be surprised if we bounce off the 50d ma. I have a buy order in that area.
thanks for updating paydirt.. i set up the 'front page' originally & haven't touched it in a while
i'm not sure how much of the info is still accurate
does the company still control 2 properties? didn't they give up one of them?
if you don't post after a certain amount of time, they remove you as a mod
lol.. all the bs?? at least the OS is still accurate
i guess that's something
yeah it could be.. added for the first time in a while the other day
just because i don't buy into the 9¢ predictions of some doesn't mean i don't believe in technicals.....
helluva day.. more to come!
looks like the opposite of the way some people want....
You have a link for those numbers of is that your WAG?
thanks Justin & grm9727.. great trove on info!
news:
Allana Potash Provides Update on Optimization Studies and Project Progress
Toronto, Ontario, November 4, 2014-- Allana Potash Corp. (TSX: AAA) ("Allana" or the "Company") is pleased to provide an update on optimization studies currently underway on its Danakhil Potash Project in Ethiopia and on additional project infrastructure activities. Optimization studies include additional solution mining at Well SW3 and an aquifer stress test (AST) on one of the alluvial fan complexes to assess the potential optimum production flowrates to supply water for future mining operations. In addition, significant progress has been made on port infrastructure construction at Tadjoura and road access to the port in Djibouti.
Farhad Abasov, President and CEO of Allana, commented, "Our optimization studies continue to progress and will provide additional important information on the mining methodology as well as long term water supply parameters for operations. Well SW3 is currently undercut leaching the Kainitite horizon and brine will be pumped to the ponds for crystal crop generation to assist in the ongoing SOP studies. Initial indications from the observation wells and the pumping wells point to high flow rates of greater than 100 cubic metres per hour as well as very low dissolved solids, indicating the water is likely suitable for solution mining and processing. Allana also continues to be encouraged by the progress at the port of Tadjoura and we encourage shareholders to visit the Allana website (www.allanapotash.com) to view new photos of all these activities. We are also pleased that despite challenging conditions in the fertilizer sector a number of large European and US-based banks have started working with Allana to complement the debt financing mandate letters that have previously been signed with large international development financing institutions."
Solution mining at Well SW3 has begun with part of the undercut leaching operation in the Kainitite horizon below the Sylvinite horizon. Well SW3 will employ a hydrocarbon blanket and a double leach string to optimize solution mining, leaching and recoveries. The KCl-rich brine will be pumped into evaporation ponds to generate a crystal crop which will be utilized in process optimization work. In addition, a crystal crop will also be generated from the Kainitite-rich brine which will utilized to confirm the process testing and design in the Sulfate of Potash (SOP) Preliminary Economic Assessment (PEA) currently underway (see news release dated September 8, 2014). Brine production from leaching of the Sylvinite horizon is expected to commence in February, 2015.
The Aquifer Stress Test (AST) will be carried out on the western portion of the project area on one planned well field within an alluvial fan. In this program, nine additional observation wells have been drilled to monitor the reaction of the aquifer and three additional pumping wells have been completed. In total, five pumping wells will be drawing 100 cubic metres of water per hour from each well for a total production of 500 cubic metres per hour. This quantity of water matches the amount of water required from this well field for solution mining operations. The AST pumping will be run for 30-60 days and then recharge rates will be monitored in the observation wells to confirm regional recharge of 35 million to 55 million cubic metres of water per year (see news release dated January 7, 2013)). The long term pumping tests are scheduled to commence in mid-November 2014.
Port construction continues at Tadjoura and a recent tour given by the Djibouti Port Authority and the Owner's Engineer (Technital) last week indicates work is on schedule. Delivery of the piling materials has been completed with quay wall construction proceeding, buildings and structures to house port operations & administration and site utilities are well advanced, and perimeter fencing, road and water control structure construction are all well underway. Schedule for completion remains late 2016. Road infrastructure work within Djibouti between the new port site and the Ethiopian border is also progressing and this roadway is on schedule to be completed by the end of 2015.
The financing activity for the project construction is proceeding, with technical evaluation work under the lenders' due diligence program well-advanced and additional lender interest being confirmed. Potential commercial bank debt capacity is being developed to complement participation from development financing institution / export credit agency lenders under current mandate agreements. A number of major European and US-based banks have been working with Allana to complement the debt from the current development financing institutions. The project economics remain attractive and all lender mandates and indications of debt capacity have been sustained and supportive.
About Allana Potash Corp.
Allana is a publicly traded corporation with a focus on the acquisition and development of potash assets internationally with its major focus on its potash property in Ethiopia. Allana has secured financial support from three significant strategic investors: ICL, one of the world's largest potash producers, IFC, a member of World Bank Group, and LMM, a member of Liberty Mutual Group. Allana has estimated measured Sylvinite mineral resources of 115.3 million tonnes of 27.8% KCl; indicated Sylvinite mineral resources of 212.1 million tonnes of 28.6% KCl, and an estimated inferred Sylvinite mineral resource of 90.8 million tonnes grading 27.8% KCl, In addition, the Project hosts measured Kainitite mineral resources of 552.3 million tonnes at 19.4% KCl, indicated Kainitite mineral resources of 598.2 million tonnes of 19.5% KCl and an estimated inferred Kainitite mineral resource of 481.8 million tonnes of 19.8% KCl; estimated measured Upper Carnallitite mineral resources of 121.5 million tonnes grading 17.5% KCl, estimated indicated Upper Carnallitite mineral resources of 289.8 million tonnes of 17.2% KCl and estimated inferred Upper Carnallitite mineral resources of 175.5 million tonnes of 16.5% KCl; estimated measured Lower Carnallitite mineral resources of 235.0 million tonnes of 9.7%KCl, estimated indicated Lower Carnallitite mineral resources of 322.2 million tonnes of 8.9% KCl and estimated inferred Lower Carnallitite mineral resources of 369.3 million tonnes grading 7.7% KCl. The foregoing mineral resource estimates are as at April 17, 2013. For more information with respect to the data verification procedures undertaken and the key assumptions, parameters and risks associated with the foregoing estimates, refer to Allana's Technical Report entitled "Resource Update for the Danakhil Potash Deposit, Danakhil Depression, Afar State, Ethiopia" dated effective April 17, 2013 filed under the Company's SEDAR profile at www.sedar.com on August 7, 2013.Allana has approximately 325.2 million common shares outstanding. Allana trades on the Toronto Stock Exchange under the symbol "AAA". For more information, please visit the Company's website at www.allanapotash.com.
The mineral resource estimates disclosed herein were completed by ERCOSPLAN under the supervision of Dr. Henry Rauche, Ph.D., EurGeol, Managing Director, CEO ERCOSPLAN, Dr. Sebastiaan van der Klauw, Ph.D., EurGeol., Consulting Geologist, ERCOSPLAN and Euro Ingenieur Ralf Linsenbarth of ERCOSPLAN Ingenieurbüro Anlagentechnik GmbH who are each independent Qualified Persons for the purposes of National Instrument 43-101.
Dr. Peter J. MacLean, Ph.D., P. Geo., Allana's Senior VP Exploration, is the Company's designated Qualified Person and has reviewed and approved the technical information presented in this release.
Forward-Looking Statement
Except for statements of historical fact relating to the Company, certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved".. Forward-looking statements are based on the opinions, assumptions estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Such risks are discussed in the risk factors sections of our latest annual information form, our technical reports and other continuous disclosure documents filed from time to time at www.sedar.com. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except in accordance with applicable securities laws.
Richard Kelertas
Senior Vice President, Corporate Development
514 717 6256 or
rkelertas@allanapotash.com
i'm starting to think he has more shares than Raoul's son.. wait, maybe he IS Chris Tsakok?!?!
nice couple of days over here..
Allana Potash Hosts High-Level Ethiopian Government Delegation in Canada
http://www.marketwatch.com/story/allana-potash-hosts-high-level-ethiopian-government-delegation-in-canada-2014-09-29-7173140
Published: Sept 29, 2014 7:01 a.m. ET
TORONTO, ONTARIO, Sep 29, 2014 (Marketwired via COMTEX) -- Allana Potash Corp. (AAA) ("Allana" or the "Company") is pleased to report that its senior management hosted a delegation of top Ethiopian government officials in Toronto as part of the Africa - Canada Trade/Economic Summit held in Canada recently.
The delegation was represented by a number of senior Ethiopian government officials including Mr. Ato Kassa Tekle-Berhan, Speaker of the House of the Ethiopian Federation; Mr. Tolesa Shagui, Minister of Mines; Mr. Alemayehu Tegenu, Minister of Water, Irrigation & Energy; Mr. Fitsum Arega, Director General of the Ethiopian Investment Agency, and Her Excellency, Madame Birtukan Ayano Dadi - Ambassador of Ethiopia to Canada.
Farhad Abasov, Allana's President and CEO, led the Allana team which included both management executives and two board members. Mr. Abasov explained the long history of the company's operations in the Afar region of northeastern Ethiopia and the benefits of the soon to be built potash mine located in the Danakhil Depression.. He voiced the company's appreciation for the excellent relationship between Allana Potash and the Ethiopian people and the government. Mr. Abasov emphasized the socio-economic significance of Allana's potash project for the Ethiopian people as a whole and in particular the people of Afar. It was stated that without the cooperation of all levels of government, private businesses and international financing organizations, this project would not have been possible.
Addressing the Ethiopian delegation, Mr. Abasov stated: "It is with great pleasure, that we welcome you to Canada and we thank you whole-heartedly for all that the Ethiopian government and Ethiopian people have done to assist in the success of our ground-breaking Dallol potash project. Ethiopia is a fast-growing and stable country in the Horn of Africa that will continue to show the rest of the world what a responsible and forward-thinking government can accomplish in a relatively short period of time. We look forward to getting our project into production as soon as possible, so that we can participate in the economic miracle that is Ethiopia today."
Mr. Telke-Berhan, speaking on behalf of the Ethiopian delegation echoed Mr. Abasov's sentiments and added that Ethiopians have been focusing on building up their infrastructure, opening up the country's economy to foreign direct investment and fully supporting active companies such as Allana. Mr. Telke-Berhan noted: "With hard work, sheer determination and the will of the people, Ethiopia has and will make great strides in developing itself into a stable and business-friendly jurisdiction in East Africa. Paramount among our government policies has been the betterment of our people first, in terms of health, education and standard of living. We are now reaching towards the responsible development of our plentiful natural resources and various energy sources to help achieve these goals and Allana Potash is a good example of the cooperation between Canada and Ethiopia that will bring these kinds of projects to reality."
The Minister of Mines has expressed his full support for Allana's project and pledged further assistance with the continuing infrastructure build up in the potash basin.
Mr. Abasov further commented: "This meeting takes place at a critical juncture of our project's development. Various pieces of the project are coming together including financing, infrastructure development, mining permit, water extraction rights, and strategic investment from a large industry player. It is very important for Allana's management and board, its shareholders and strategic partners to enjoy continuous strong support and assistance from all branches of the Ethiopian government including key ministries represented in the delegation."
About Allana Potash Corp.
Allana is a publicly traded corporation with a focus on the acquisition and development of potash assets internationally with its major focus on its potash property in Ethiopia. Allana has secured financial support from three significant strategic investors: ICL, one of the world's largest potash producers, IFC, a member of World Bank Group, and LMM, a member of Liberty Mutual Group. Allana has estimated measured Sylvinite mineral resources of 115.3 million tonnes of 27.8% KCl; indicated Sylvinite mineral resources of 212.1 million tonnes of 28.6% KCl, and an estimated inferred Sylvinite mineral resource of 90.8 million tonnes grading 27.8% KCl, In addition, the Project hosts measured Kainitite mineral resources of 552.3 million tonnes at 19.4% KCl, indicated Kainitite mineral resources of 598.2 million tonnes of 19.5% KCl and an estimated inferred Kainitite mineral resource of 481.8 million tonnes of 19.8% KCl; estimated measured Upper Carnallitite mineral resources of 121.5 million tonnes grading 17.5% KCl, estimated indicated Upper Carnallitite mineral resources of 289.8 million tonnes of 17.2% KCl and estimated inferred Upper Carnallitite mineral resources of 175.5 million tonnes of 16.5% KCl; estimated measured Lower Carnallitite mineral resources of 235.0 million tonnes of 9.7%KCl, estimated indicated Lower Carnallitite mineral resources of 322.2 million tonnes of 8.9% KCl and estimated inferred Lower Carnallitite mineral resources of 369.3 million tonnes grading 7.7% KCl. The foregoing mineral resource estimates are as at April 17, 2013. For more information with respect to the data verification procedures undertaken and the key assumptions, parameters and risks associated with the foregoing estimates, refer to Allana's Technical Report entitled "Resource Update for the Danakhil Potash Deposit, Danakhil Depression, Afar State, Ethiopia" dated effective April 17, 2013 filed under the Company's SEDAR profile at www.sedar.com on August 7, 2013.Allana has approximately 325.2 million common shares outstanding. Allana trades on the Toronto Stock Exchange under the symbol "AAA". For more information, please visit the Company's website at www.allanapotash.com.
Dr. Peter J. MacLean, Ph.D., P. Geo., Allana's Senior VP Exploration, is the Company's designated Qualified Person and has reviewed and approved the technical information presented in this release.
Forward-Looking Statement
Except for statements of historical fact relating to the Company, certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are based on the opinions, assumptions estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Such risks are discussed in the risk factors sections of our latest annual information form, our technical reports and other continuous disclosure documents filed from time to time at www.sedar.com. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except in accordance with applicable securities laws.
Contacts:
Allana Potash Corp.
Richard Kelertas
Senior Vice President, Corporate Development
514 717 6256
rkelertas@allanapotash.com
SOURCE: Allana Potash Corp.
(C) 2014 Marketwire L.P. All rights reserved.
nice close!
yeah i agree.. & that would be great
it is good news.. unfortunately it's kinda buried