Allana Potash- Developing Low Cost Potash for Emerging Markets in Africa
Developing a potash resource in the middle of Ethiopia where the temperature remains a steady 40 degrees Celsius all year round is a process. Allana Potash Corp. (T.AAA) knows it has a substantial resource but it also knows that lining up the financing to bring the resource to market is critical.
We spoke to Farhad Abasov, President and CEO of Allana as he swung through Vancouver on an investor road show which took him to Toronto, New York and Chicago. We’d last spoken with Abasov in February when Allana announced its strategic alliance with Israel Chemicals Ltd, a deal which brought both investment and expertise to the Ethiopian project.
When last we spoke to Abasov the world’s potash markets were in some turmoil but this seems to have calmed. “The potash market has stabilized somewhat.” said Abasov…
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