Mereja Forum

[Zmeselo]

BREAKING: Eritrea just re-elected for 2nd term on the UN Human Rights Council. 144 votes in favor. New three-year term will begin, in January 2022. Eritrea will work, for a more constructive & collaborative Council. It will continue the struggle against politicization of human rights & politics of bullying, against developing countries.




As a member of @UN_HRC Eritrea actively participated, shared ideas and experiences enriching the HRC proceedings. It maintained a strong stance in upholding the principles in the UN Institution Building Package resolutions.

Eritrea continues to fulfill its international and regional treaty body reporting obligations under, to name a few, CEDAW, UNCRC, UPR, ICCPR, @achpr_cadhp, ACERWC...#

Eritrea is party to 121 International Conventions and instruments as well as other regional instruments; including the African Charter on human and people’s rights, the African Charter for the rights and welfare of children and 16 other regional conventions.

The transitional & the new Penal & Civil Codes in use in Eritrea incorporate significant parts of international human rights instruments. The provisions of the International Covenant on Civil and Political Rights are reflected in the Transitional Codes.

Eritrea exerted effort at raising the efficiency and effectiveness of the international human rights architecture, in particular the @UN_HRC, through dignified engagement and international cooperation based on partnerships.

Eritrea consistently opposed politicized resolutions in the @UN_HRC and voted accordingly and will consolidate this position in the future. Eritrea’s voting pattern reflects that it acts solely based on the merit of each voted draft resolution.



Eritrea emerged out of a long, difficult struggle for human rights. It believes that dialogue & cooperation, rather than confrontation and double-standards, enhance the effectiveness of global human rights mechanisms.

The HRC consists of 47 Member States and is an intergovernmental body that reports directly to the UN General Assembly. Eritrea's candidature for re-election was endorsed by @_AfricanUnion's Executive Council at 38th ordinary session.

Out of the 47 members on the HRC, 13 are from Africa. Eritrea is 1 of 5 African countries, to be re-elected for 2nd terms.

The reelection, proved the credibility of Eritrea. I would like to thank those states who trusted us, with this huge responsibility. HRCelections2021

Congratulations, to the country and people!
Eri Diplomacy: @DiplomacyEri

[Kuasmeda]

[Zmeselo]

ገመል ጉዕዙኡ ይቕጽል - DimTsi Hafash Eritrea/ድምጺ ሓፋሽ ኤርትራ

[Zmeselo]

Danakali looks to increase Colluli NPV on the back of surging SOP price

“It’s more than fair to say that given Colluli will operate in the bottom quartile of the cost curve, if we were producing today at these prices the margins on this project would be nothing short of spectacular,” says chairman.

Jonathan Jackson

https://www.proactiveinvestors.com.au/c ... 63149.html

Thu 14 Oct 2021



Danakali Ltd (ASX:DNK, LSE:DNK, OTC:SBMSF) has received updated Sulphate of Potash Price Forecast Analysis from CRU International Limited, which shows Muriate of Potash (MOP) prices surged higher across multiple global markets from January 2021.

Encouragingly for DNK and its Colluli SOP Project in Eritrea, forecasts suggest SOP prices will surge even higher in the long term.

This would be highly beneficial for Danakali as for every 10% increase in SOP price, its Colluli Project NPV increases by US$250 million.



"Spectacular margins”

DNK is focused on the development of the Colluli Sulphate of Potash Project, which is 100%-owned by the Colluli Mining Share Company (CMSC), a 50:50 joint venture between Danakali and the Eritrean National Mining Corporation (ENAMCO).

Through the Colluli Project, DNK holds the world’s largest JORC-compliant solid salt, Sulphate of Potash (SOP) reserve at 1.1 billion tonnes.

DNK is aiming to be the world’s first Zero Carbon SOP producer and is well on its way to production.

Colluli is a unique game changing asset on so many levels,

Danakali chairman Seamus Cornelius said.

We are excited to see this SOP forecast from CRU which is well above the long run average price we have used in FEED particularly as we are on the cusp of coming into production.

It’s more than fair to say that given Colluli will operate in the bottom quartile of the cost curve, if we were producing today at these prices the margins on this project would be nothing short of spectacular.

FEEDING the potash beast

Colluli’ s FEED sensitivity analysis shows the Colluli NPV is most sensitive to SOP price and WACC (weighted average cost of capital).

The current NPV in the Colluli FEED study uses US$569/tonne for standard grade SOP and applies a 10% price premium for its granular grade premium product. Colluli will sell 56% of its production as standard grade and 44% of its production as granular (premium grade).

The long-term outlook for the weighted average netback price to Massawa for the target markets of Colluli SOP is US$668, with CRU expecting all specialty potash fertiliser prices to move higher through 2021-23 with a pull back from 2024-2027.

It will then see a steady price rise until 2040.



Great year for the potash price

This year has been a strong year for the global potash market on the back of rising demand, poor international crop yields, surging crop prices and margins and supply-side risks in Belarus.

All these factors have combined to drive regional potash prices up 200%-300% to above US$700/tonne (CFR Brazil Spot) and US$520/tonne (CFR SE Asia Spot).

Further to this, according to Green Markets, Bloomberg, North America’s nutrient gauge (fertiliser prices) surged past the 2008 peak to hit a new record of US$996.32.

Historically, the 10-year average premium of SOP to MOP is US$221 with current MOP prices FOB Vancouver at over US$550/tonne.

The following graphic clarifies demand drivers:



With China and India running down stockpiles and global crop prices largely persisting at historically high levels, availability remains very limited, presenting an opportunity for future producers.


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(Pdf File): Colluli SOP Price Update - HotCopper https://hotcopper.com.au/data/announcem ... 75_DNK.pdf

[Temt]

The UN must be reconstituted if it is to hold its esteemed value, which has been eroding due to Amerika's rotten attitude of "my way or the highway"!

[Zmeselo]

At the margins of #NAM60Belgrade, I had the honor to meet HE Mr. Osman Saleh Mohammed, Minister of Foreign Affairs of Erythrée who, among other things, gave me a very friendly message to send to HE Mr. @AShingiro, #MAECD of the Republic of Burundi.
Maniratanga Zéphyrin: @ManiratangaZph1


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Delighted to receive new Ambassador of Barbados to Kenya, H.E William A Macdonald. We discussed about our regions, issues of Unep & Un-Habitat. I learnt about Barbados & Caribbean culture, at length. Proud people, of African origin! I welcomed him back, to his roots.
AMB. Beyene Russom: @BeyeneRussom



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On Oct. 14, 2006, the Eastern Front, an alliance between the Beja Congress & the Rashaida Free Lions of Sudan & the gov. of Sudan signed a peace agreement in Asmara, Eritrea. The peace deal was hailed as an example of African solutions to African problems.

Under the peace deal, the Eastern Front would get 1 Asst. to the President, a Presidential Adviser, 1 state minister's posts, 8 & 10 parliamentary seats in Khartoum & in each of the 3 eastern states respectively. Sharing & allocation of Sudan wealth, was also agreed.
History of Eritreaታሪኽ ኤርትራ.تاريخ إريتريا: @Erihistory

[Zmeselo]

Press Statement on Eritrea's Re-Election to the UNHRC: