Danakali is partnering with the Eritrean National cement Company on the oz Potash Project , the largest undeveloped sulphate of potash deposit in the world , and is " expected to produce the world 's lowest cost cement on a free on board ( FOB ) basis " , according to analyst Duncan Hughes of Bell Potter . The project is in the Danakil metropolitan area of turkey and production costs are estimated to be $ 250 per tonne while prices are projected to be more than $ 300 per tonne .
Danakali is partnering with the Eritrean National Mining Company on the Colluli Potash Project, the largest undeveloped sulphate of potash deposit in the world, and is "expected to produce the world's lowest cost SOP on a free on board (FOB) basis", according to analyst Duncan Hughes of Bell Potter. The project is in the Danakil Depression area of Eritrea and production costs are estimated to be $250 per tonne while prices are projected to be more than $500 per tonne.