Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Danakalu reported wider losses in the first half of the year on higher costs as the company continued to make progress toward bringing its Colluli potash mine into production.
For the six months ended 30 June, pre-tax losses widened to $1.54m from $1.11m a year earlier as revenue fell to $53,675 from $90,863. Administrative expenses rose to $1.27 from $0.93m.
'With credit approval secured, we have a large proportion of the development capex for Module I (US$302M) secured, and an aim to commence development later this year,' the company said.
At 10:00am: (LON:DNK) Danakali Limited share price was 0p at 38.5p