A company developing a large potash deposit in Eritrea has announced plans to list in the UK, testing the appetite of investors for 'greenfield' mining projects in Africa.
Danakali Limited said joining the London Stock Exchange would help it raise the cash it needs to fund development of the Colluli deposit.
Analysts at Numis reckon Danakali, which is currently listed in Australia, needs to raise around $300m of debt and equity to develop the first phase of the project.