Allana Potash releases corporate video update for AGM
Allana Potash (TSX: AAA; ALLRF: OTCQX) is one of the most promising emerging Potash players in the world. The Company’s potash project in Ethiopia benefits from a favorable business and geological environment, conducive to efficient solar evaporation, which could make it one of the most cost effective in the world. Allana’s project is independent of the main potash marketing cooperatives. A 2012 resource estimate projected a deposit with a potential of over 1 billion tons of high grade Muriate of Potash (MOP) and Allana has already been working to secure off-take agreements with major world players in the fertilizer industry. Allana also has the advantage of running a project that is completely independent from the major potash marketing cooperatives. Allana has already resolved its water rights and supply situation, a crucial factor considering that the project intends to use a solution mining technique for development of the resource. Initial production of about 1 million tons is expected to start in 2015, reaching peak levels in 2017. Allana will ship its potash through the tiny Republic of Djibouti, where a new port is being built in Tadjoura and where Allana will have its own terminal with unloading and storage facilities.
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