Allana Potash — Making all the Right Moves in the Potash Space
March 20, 2013 — Farhad Abasov, President and CEO, Director, Allana Potash Corp. (TSX: AAA) (OTCQX: ALLRF) in an interview with Tracy Weslosky, Publisher of ProEdgeWire (ProEdgeWire.com). Mr. Abasov begins the interview by expressing their confidence in Dr. Mark Stauffer’s (former president of the Potash and Phosphate Institute of Canada) ability to lead Allana’s potash initiatives in Ethiopia. Their Ethiopian potash asset combines a “unique geology and climate” which gives them a significant competitive advantage.
Farhad Abasov also quells any water concerns by stating” we did a full hydrological study and the study defined 165 million cubic metres on those reservoirs as we speak, but most importantly the recharge rate is between 35 million and 50 million and we need only about 20 million cubic metres per year”.
When Allana Potash signed an MOU with the government of Djibouti to build a brand new port, they significantly ramped up their goals of being in production by late 2015, early 2016.
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