Allana Potash Mining News

Allana Potash held talks with Chinese construction giant before ICL deal

China’s largest construction company was in talks to buy a controlling stake in Allana Potash Corp. that was worth more than the takeover bid the junior miner eventually accepted.

Allana Potash sold to Israel Chemicals for $137 million

The deal aims to speed up development of Allana’s promising Danakil potash project, in northeast Ethiopia.

Allana Partner ICL launches "Potash for Growth" program in Ethiopia

Initiative intends to unlock the potential of agriculture in Ethiopia by promoting balanced fertilization among local farmers.

Allana Potash up sharply after latest Ethiopia milestone

The Toronto company has been granted a licence to mine the 2.4 billion tonne Dalol deposit.

African export-import bank considering potash business

Canadian Allana Potash is in negotiations with the Africa Export-Import Bank (Afreximbank) over a possible $600 million financing to develop $1.3 billion tonnes of potash resources in Ethiopia.

Allana Potash Drilling intersects robust potash and provides feasibility and infrastructure update

Allana Potash Corp. (TSX:AAA)(OTCQX:ALLRF) ("Allana" or the "Company") is pleased to announce that it has intersected two zones of strong potash mineralization in both Hole DK-11-29 ("Hole 29") and Hole DK-11-31 ("Hole 31). Hole 29 is located in the western portion of the concession block and was targeted to test potash mineralization west of Hole 9.

Allana Potash Files Preliminary Economic Assessment Technical Report for Its Danakhil Potash Project

Allana Potash Corp. (TSX:AAA) (OTCQX:ALLRF) ("Allana" or the "Company") is pleased to announce that it has filed a National Instrument 43-101 ("NI 43-101") Technical Report dated November 28, 2011 on SEDAR at www.sedar.com.

Allana Potash intersects high-grade potash at 38% KCl over 3.5 metres and provides project update

Allana Potash Corp. (TSX:AAA)(OTCQX:ALLRF) ("Allana" or the "Company") is pleased to announce that it has intersected three zones of strong potash mineralization in Hole DK-11-27 ("Hole 27").

Allana Potash to Commence Trading on the Toronto Stock Exchange (TSX)

Allana Potash Corp. (TSX VENTURE:AAA) (OTCQX:ALLRF) ("Allana") is pleased to announce its common shares will commence trading on the Toronto Stock Exchange (TSX) at market open on Friday, September 9, 2011. The Company's stock symbol will remain "AAA".

Allana Potash supports East Africa's famine and drought relief efforts

Allana Potash Corp. CA:AAA -0.73% announces today its support to the relief efforts following the drought and resulting famine inEast Africa with a pledge of $100,000 to the Ethiopian government.

Allana Potash adds to string of Ethiopian discoveries

Stocks of Allana Potash Corp was trading slightly up at midday on Thursday after the company announced it had intersected strong potash mineralization in an area not previously drilled at its 160 square km Dallol project in Ethopia. Listed on the TSX-Venture exchange Allana's East Africa project has the backing of the World Bank and most of the assets there are still being quantified. The value of the company has doubled in 2011 and investors who bought the stock in July last year would have enjoyed a four-fold return.

Allana Potash Announces New NI 43-101 Compliant Measured and Indicated Mineral Resources of 673 Million Tonnes and an Increase in Inferred Mineral Resources to 596 Million Tonnes

Allana Potash announced that it has received an updated National Instrument 43-101 ("NI 43-101") compliant Mineral Resource Estimate from ERCOSPLAN Ingenieurgesellschaft Geotechnik und Bergau ("ERCOSPLAN") on its Danakhil Potash Project in Ethiopia. The updated mineral resource estimate includes all four potash bearing beds (sylvinite, upper and lower carnallite and kainitite) in the project and is comprised of Measured and Indicated Mineral Resources totaling 673 Million tonnes with an average grade 18.65% KCl (composite of all four potash beds) and Inferred Mineral Resources totaling 596 Million tonnes with an average grade of 19.96% KCl (composite of all four potash beds).

Potash stocks punished after US vote to end $6bn ethanol subsidies

Shares of Potash Corp. of Saskatchewan, the world’s largest fertilizer producer, are down just shy of 8% for the week after losing almost 2% in late trade on Friday despite being upgraded to a buy by analysts at TD Newcrest. Others in the sector fared even worse with newcomer Karnalyte Resources shedding 4.3% while heavyweights Mosaic and Agrium lost over 4.4% and 2.3% respectively after the US Senate on Thursday voted overwhelmingly to eliminate some $6bn in annual subsidies for the country's ethanol industry.

Investors pile into Allana Potash after positive drilling results

Stock in Allana Potash Corp jumped by more than 10% to $2.14 with almost 3m shares changing hands – more than double the daily average – by noon on Monday after the company announced it has intersected three zones of potash mineralization - one of which returned the highest grade potash on the project to date – in the southwest portion of the company's land position. Listed on the TSX-Venture exchange Allana's major focus is on a previously explored potash property in Ethiopia with among others the backing of the World Bank. The counter is up close to 200% so far this year and most of the assets at the company's 160 square km Dallol project are still being quantified.

Allana Potash says Ethiopian project resource estimate likely to rise

Canada's Allana Potash Corp said drilling results showed that the potential of its Dallol project in Ethiopia could be extended beyond the original resource estimate, helping its shares pare some of their losses. Shares of the potash explorer, which were down as much as six percent midday before the news, recovered to trade down two percent at C$1.70 on the Toronto Venture Exchange. More than 2.5 million shares were traded by late afternoon.

Allana Potash intersects highest grade potash to date with 52.40 % KCl over 0.80 metres

Allana Potash Corp. (TSX VENTURE:AAA) ("Allana" or the "Company") is pleased to announce that it has further extended the potential of its Dallol deposit with the completion of additional drilling and assay activity in areas beyond those included in the original resource estimate completed in 2008. This work is part of the upcoming update to Allana's National Instrument 43-101 ("NI 43-101") technical report. Drill hole DK-11-15 ("Hole 15") has intersected significant potash mineralization up to 52.40% KCl over 0.80 metres. Hole 15 intersected two strong zones of potash mineralization which appear to correlate with the Sylvinite Zone and Kainitite Zone.

Allana Potash intersects more shallow potash

Allana Potash Corp. (TSX VENTURE:AAA) ("Allana" or the "Company") is pleased to announce that drill hole DK-11-17 intersected significant potash mineralization of 31.03% KCl over 1.00 metre starting at a depth of 74.20 metres. Hole […]

Allana Potash intersects shallow potash in a previously unexplored area

Allana Potash Corp. (TSX VENTURE:AAA) ("Allana" or the "Company") is pleased to announce that drill hole DK-11-16 intersected significant potash mineralization of 29.80% KCl over 4.00 metres starting at a depth of 125.20 metres. Hole 16 intersected two strong zones of potash mineralization which are interpreted to correlate with the Sylvinite Zone and Kainitite Zone in a previously unexplored part of the basin. The Sylvinite Zone returned 6.50 metres of sylvinite which graded 24.79 % KCl and includes a 4.00 metre interval that returned 29.80% KCl. Further down the hole, 5.00 metres of kainitite was intersected which returned 20.29% KCl.

Allana Potash continues to intersect high grade potash at shallow depths with 47.81 percent KCL over one metre

Allana Potash Corp. (TSX VENTURE:AAA) ("Allana" or the "Company") is pleased to announce that drill hole DK-11-13 intersected significant potash mineralization including one metre of 47.81% KCl. Hole DK-11-13 intersected two robust potash zones which appear to correlate with the Sylvinite Zone and Kainitite Zone. The Sylvinite Zone returned 2.8 metres of sylvinite which graded 45.86 % KCl and includes a one metre interval that returned 47.81% KCl. Further down the hole, 8.7 metres of kainitite was intersected which returned 22.91% KCl.