About us
At a glance
The Colluli Mining Share Company (CMSC) is a 50:50 joint venture between the Government of the State of Eritrea and Danakali Limited, a company listed on the Australian Stock Exchange.
The Eritrean government is interested in the Project through ENAMCO’s 50% shareholding and will benefit from any revenue that CMSC may produce. The company aligns with the government’s development ambitions, including the Colluli project, which is expected to benefit the broader Eritrean economy. Further, taxes and royalties are payable to the Eritrean government under the Mining Agreement and the Mining Licences, which would also be expected to benefit the Eritrean economy, alongside jobs and skills.
Such equal partnerships from early projects are rare in the mining sector, especially in Africa. In addition to the financial resource flows, there is an additional dimension. Because the project outputs are fertilisers, the Project has the potential to benefit Eritrea and Africa.
Why our work matters
Agriculture in Eritrea and Africa has a massive social and economic footprint. More than 60 per cent of sub-Saharan Africa’s population is smallholder farmers, and about 23 per cent of sub-Saharan Africa’s GDP comes from agriculture. Yet, Africa’s full agricultural potential remains untapped.
It is estimated that around 1.5 million people directly work in the agriculture sector in Eritrea, representing around 60% of the country’s total labour force. Because of that, around 80%-90% of the population has a direct connection with the sector, evidencing how important this economic activity is for the national sustainable development agenda.
Colluli’s fertilisers could have significant implications to boost some specific types of crops and make an impact in terms of productivity and diversity of crops. While Colluli alone cannot transform the entire economy because of the size of the deposit, there is significant potential to boost the national economy and transform agriculture. It is through these complex pathways the impact of the Colluli will translate into the final SDG outcomes.
Vision, mission, values
Our Vision
Our Mission
Our Values
People
Our stakeholders are vital to our business success and future growth. The health, safety and wellbeing of our people are paramount. Our success is underpinned by educating our employees about our business, embracing diversity, encouraging ideas that improve our business, demonstrating a “can do “attitude, respecting each other, promoting and rewarding teamwork, and aligning ourselves to a set of common goals.
Integrity
We conduct ourselves with uncompromising integrity and honesty as individuals and as a company. That means standing up for what we believe in, speaking out against something wrong, and putting values ahead of short-term results. We are forthright with bad news and challenging issues. We strive to earn enduring credibility with others, which is essential to long-term personal and business relationships. That means doing what we say we will do.
Planet
We respect our operating environment at local, national and international levels and are focused on continually reducing the environmental footprint of our business. We achieve this through creating environmental management plans, using energy efficiently, conserving water, minimising waste generation and managing waste responsibly
Performance
We are a performance-driven organisation and continually strive to improve the things that matter most to our business. We embrace innovation, responsibility and accountability, and always consider short, medium- and long-term time horizons
Simplicity
We embrace the principle that everything should be as simple as possible. We maintain simplicity in our internal processes and procedures with objectives that are concise, quantitative, and time-bound
Our team
CMSC fields a team of highly experienced geologists and metallurgists with a proven track record.
Colluli has maintained a lean employment strategy in the pre-funding period. That is critical in supporting the Project’s success in securing funding and initiating development. CMSC maintains a staff of 7 permanent and five temporary employees, as well as one part-time employee.
Our permanent staff manage the CMSC business, including government and community relations, environmental monitoring, logistics and accounting.
Temporary staff are employed during increased project activity levels within Eritrea and include employment local to the Project site.
