The World’s shallowest potash deposit
Australasia Outlook talks to Lorry Hughes, CEO of Perth-based South Boulder Mines, who tells us that his main focus is to getting to potash production in Eritrea. By Ian Armitage
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outh Boulder Mines Ltd (South Boulder) is aiming to jump the pack to become a major potash producer. The company has the world’s shallowest potash deposit and it expects to start production at the world’s first open-pit potash mine by 2016 and possibly sooner, with start-up costs expected to be half the average for a typical potash mine. Managing director Lorry Hughes says South Boulder’s Colluli potash project in Eritrea could be delivered for between US$500 million and US$700 million. “This is a real gem,” he says. “On our current progress, operating costs should