Allana potash afar plc 0116 63 0870 bole,medhaniyalem in front of harmoney hotel,located in robel plaza 6th floor no 603. Allana resources is a canadian potash company focusing on the exploration and development of a previously explored dallol potash property in the danakil depression, ethiopia. The market has responded quite positively to the news. Allrf allana potash corp dividend history dividend. Allana potash granted mining license for dallol project.
Latest closing price divided by the earningspershare based on the trailing 12 months. Israel chemicals closes ethiopian potash operations globes. Israel chemicals reportedly near accord with allana on. Significantly derisked, potash powerhouse allana potash. Pricebook a financial ratio used to compare a companys current market price to its book value. In a press conference held in his office on monday morning prime minister hailemariam was asked about the state of the ethiopian mining sector and. Allana potash completes second investment round by icl as.
Sep 25, 20 allanas ethiopian mine is well situated geographically the horn of africa to supply potash buyers in india and china and all of the markets where potash demand is rising fastest such as indonesia, malaysia and laos. Price to book value is a valuation ratio that is measured by stock price book value per share. Allrf provided an update on the ongoing drilling in haro concession, but the share price failed to explode beyond previously set resistances. It is engaged in the exploration and development of its potash assets. With over 300 potash drill holes, the region was previously explored.
The project was estimated to yield up to onemillion tonnes of muriate of potash mop a year for 25 years, based on a feasibility study conducted by allana and completed in february 20. Potash is a nonrenewable resource that is a key ingredient in fertilizer along with phosphate and nitrogen. With the stock now trading at a pricetobook value of only 0. Allana potash is a canadian company exploring and developing the previously explored dallol potash property in the danakil depression, ethiopia. Allana potash afar plc manufacturing and production. Allana potash corp allrf related stocks discover similar stocks, compare dividends and return.
Top potash stocks to consider buying now the motley fool. Allana potash plans to send potash from the danakhil project in eritrea to a terminal at. Allana potash and the israeli company that acquired its ethiopia potash projects, denied the claim. Allana potash corp was incorporated on december 04, 1995.
Company profile page for allana potash corp including stock price, company news, press releases, executives, board members, and contact information. The closing follows the approval by allanas security holders and ontarios supreme court of justice of icls offer to acquire allana. How we all feel about our past purchases of stock at. Allana has retained a financial advisor to assist the company in its evaluation of various options to maximize the value of the sop potential for allana shareholders, he added. Jun 30, 2012 allana said in february it would work with djibouti authorities to integrate required potash storage and handling facilities into the new port plans.
Allana said in february it would work with djibouti authorities to integrate required potash storage and handling facilities into the new port plans. Ethiopia mulls new potash partner after failed deal with. Allana potash enters into arrangement agreement with icl. Allana presidentcumceo farhad abasov issued a statement on the companys website, claiming identification of new potash mineralization, which would be. Allana potash one step closer to production with icl. The potash corporation of saskatchewan, also known as potashcorp, was a company based in saskatoon, saskatchewan. Values can certainly change at all times, but is there a way to catch the numeric value after book value.
Allana potash corp aaa company profile, corporate revenues, growth, market size, analysis, business forecasts, market share, metrics, swot. In a telephone conversation with the reporter former president and ceo of allana potash farhad abasov said that he would respond after he consults with his legal counselors. Prime minister hailemariam dessalegn on monday accused allana potash, the canadian company which was engaged in potash mineral exploration and development project in the afar regional state, of tax evasion. Allana potash corp company profile and news bloomberg markets. The company is targeting a late2015 or early2016 startup and aims to ramp up to full production by late 2017, said allana senior vice president richard kelertas. The danakil depression had smallscale potash production in the 1920s and was extensively explored in the 1960s with nearly 300 potash drill holes.
Allana had mining rights for potash in northeastern ethiopia and icl controlling shareholder idan ofer declared, we will make ethiopia the potash center of africa. Jan 15, 2017 allana potash, which was listed in the toronto stock exchange through its subsidiary company allana potash afar, was prospecting for potash deposit in the danakil depression in north east ethiopia for more than six years and spent tens of millions of dollars on the exploration project. V allana potash is a canadian potash company focusing on the exploration and development of a previously explored dallol potash property in the danakil depression, ethiopia. Significantly derisked, potash powerhouse allana potash is. Allana is a publicly traded corporation with a focus on the acquisition and development of potash assets internationally with its major focus on its potash property in ethiopia. Allrf is a publicly traded company with a focus on its potash assets in northeastern ethiopia. Suite 4400, brookfield place, 181 bay street, toronto, ontario m5j 2t3. This depression had smallscale potash production in the 1920s and was extensively explored in the 1960s.
Ethiopia accuses allana potash of tax evasion geeska afrika. Allana said it will use the proceeds of the investment to develop and advance the danakhil mine project, which is expected to produce around 1 million tonnes of potash annually. Israel chemicals icl said on thursday it would partner with canadas allana potash to develop a potash mine in ethiopia in a deal which includes icl taking a stake in allana. Allrf allana potash corp dividend history dividend channel. In depth view into intrepid potash price to book value including historical data from 2008, charts, stats and industry comps. Allana potash discovers significant deposit in ethiopia. Israel chemicals icl ends potash project in ethiopia. Jun 25, 2015 the project was estimated to yield up to onemillion tonnes of muriate of potash mop a year for 25 years, based on a feasibility study conducted by allana and completed in february 20. On monday, allana stated to have intersected two potash mineralization zones in the drill hole dk1008, proving the existence of potash at shallow depths.
It also follows the ethiopian tax authoritys rejection of allana afars appeal. According to nejib, allana potash had invested 90 million dollars on the potash exploration project and offered jobs for 450 ethiopians. Ethiopia accuses allana potash of tax evasion geeska. Allana potash is a potash exploration and development stage company. Allana potash stocks price quote with latest realtime prices, charts, financials, latest news, technical analysis and opinions. Allana potashs focus on efficiency is paying major dividends, even more so now as market forces work in its favor.
Commenting on the icl deal, farhad said this is the first time in many years in the sector where a real potash producer has become a strategic partner with the junior potash developer like allana. Icl completes its acquisition of allana potash cnw group. It owns the danakil project in the danakil depression region. The companys flagship asset encompassing approximately 312. A financial ratio used to compare a companys current market price to its book value. Allana potash to commence trading on the toronto stock. Sep 04, 2012 allana is a publicly traded corporation with a focus on the acquisition and development of potash assets internationally with its major focus on a previously explored potash property in ethiopia. The book value is essentially the tangible accounting value of a firm compared to the market value that is shown. Allana is a publicly traded corporation with a focus on the acquisition and development of potash assets internationally with its major focus on a previously explored potash property in ethiopia.
Proceedings of the 48th forum on the geology of industrial minerals pp. Allana holds a concession to mine potash at the danakhil mine in. Allana potash corp allrf related stocks seeking alpha. By kaleyesus bekele for ethiopian reporter, prime minister hailemariam dessalegn on monday accused allana potash, the canadian company which was engaged in potash. The company merged with calgarybased agrium to form nutrien, in a transaction that closed on january 1, 2018 the company was the worlds largest potash producer and the third largest producer of nitrogen and phosphate, three primary crop nutrients used to produce. Allana trades on the toronto stock exchange under the symbol aaa. Israel chemicals ends potash project in ethiopia reuters.
Icl, a subsidiary of the israel corporation and the worlds sixth largest potash producer, declined to confirm the reports but said it routinely considers international opportunities that. They have to put everything on the book because they are listed on a stock market. Company profile for allana potash allrf including business summary, key statistics, ratios, sector. Allana potash of canada focuses on the acquisition of potash assets world over. It will recognise in its financial reports an impairment of the investment amount as well as a. Allana potash releases positive pea for sop production at. Feb 23, 2010 so says robert winslow, a potash analyst at one of canadas leading investment banks, torontobased wellington west capital markets, in reference to torontobased allana potash corp. Oct 28, 20 allana potashs focus on efficiency is paying major dividends, even more so now as market forces work in its favor. Potash investing news spoke with allana potashs senior vice president of corporate development, richard kelertas, who offered us a look at the company. Ethiopia accuses allana potash for tax evasion tesfanews. Allanas ethiopian mine is well situated geographically the horn of africa to supply potash buyers in india and china and all of the markets where potash demand is rising fastest such as indonesia, malaysia and laos. Icl said the net book value of the investment in the project as of june. So says robert winslow, a potash analyst at one of canadas leading investment banks, torontobased wellington west capital markets, in reference to. Its main projects include the argentina potash project and allana potash project.
Icl to partner with allana in ethiopian potash mine reuters. With the stock now trading at a priceto book value of only 0. Ethiopia accuses allana potash for tax evasion magazine. Its major focus is on the exploration of dallol potash property in danakil depresiion. Icl said the net book value of the investment in the project as of. By dawit taye june 30 the reporter the canadianbased alana potash, which has been undertaking a massive mining exploration in ethiopia, has announced it has discovered over 1. On october 9th allana potash announced it had been granted its mining license for allanas danakhil potash project in ethiopia. Ethiopias prime minister accused the canadian junior miner allana potash corp. Book valueshare the per share value of a company based on its equity available to common shareholders for the trailing 12 months.
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