Danakali Ltd

Market Cap:
$106.78 m
0.34 AUD
52 weeks high
52 weeks low


Colluli is located in the Danakil Depression region of Eritrea and is approximately 230km by road south-east of the port of Massawa, which is Eritrea’s key import/export facility. The Danakil Depression is an emerging potash province, which commences in Eritrea and extends south across the border into Ethiopia.

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Last updated 22nd January 2019

Mr Seamus Ian Cornelius
Executive Chairman
LLB, LLM, appointed 15 July 2013

Mr Cornelius is a corporate lawyer and former partner of one of Australia’s leading international law firms. He has a high degree of expertise in cross-border transactions, particularly in the resources and finance sectors.

Mr Cornelius has been based in China since 1993 and brings more than 20 years of corporate experience in legal and commercial negotiations. He has also advised global companies including major resource companies and banks on their investments in China and advised Chinese State-owned entities on their investments in overseas resource projects.

Mr Cornelius is currently the Non-Executive Chairman of Buxton Resources Ltd (appointed 29 November 2010), Montezuma Mining Company Ltd (appointed 30 June 2011), and Duketon Mining Ltd (appointed 8 February 2013).

Special Responsibilities: Mr Cornelius is a member of both the Audit committee and the Technical and Risk committee.

Mr Paul Michael Donaldson
Non-Executive Director
Masters Degree - Mining Engineering, Masters Degree - Business and Technology, BEng Chemical (Honours, University Medal), Assoc Dip. Applied Science (Metallurgy), initially appointed Chief Operating Officer 29 November 2012, transitioned to Chief Executive Officer 1 February 2013 and additionally appointed Managing Director 29 April 2014.

Mr Donaldson joined Danakali from a series of senior management roles spanning more than 25 years with BHP Billiton (“BHP”). At BHP Mr Donaldson managed large scale, open cut mining operations, significant growth and sustaining capital projects, and complex pyro metallurgical, beneficiation and manufacturing processes. Mr Donaldson headed the BHP Carbon Steel Materials Technical Marketing Team, managed the Port Hedland iron ore facility as well as occupying key roles in product and infrastructure planning across large scale supply chains.

Mr Donaldson also brings extensive experience in high-level business improvement and logistics from base metal operations and a high degree of integrated supply chain management, technical operational management and frontline leadership experience in the steel industry.

Special Responsibilities: Mr. Donaldson is the Chairman of the Technical and Risk committee and a member of the Nomination and Renumeration committee.

John Daniel Fitzgerald
Independent Non-Executive Director, CA, appointed 19 February 2015

Mr Fitzgerald has over 30 years finance and corporate advisory experience in the resource sector. Previously, he held senior positions at NM Rothschild and Sons, Investec Bank Australia, Commonwealth Bank and HSBC Precious Metals. He is the Managing Director of Optimum Capital Pty Ltd, a debt and corporate advisory business focussed on the mining sector.

Mr Fitzgerald is Non-Executive Chairman of Carbine Resources Limited (appointed 13 April 2016), Non-Executive Chairman of Dakota Minerals Limited (appointed 23 December 2015) and a Non-Executive Director of Northern Star Resources Limited (appointed 30 November 2012).

Previously, Mr Fitzgerald was Non-Executive Chairman of Atherton Resources Limited (14 December 2009 to 9 November 2015).

Mr Fitzgerald is a Chartered Accountant, a Fellow of the Financial Services Institute of Australasia (FINSIA) and a graduate member of the Australian Institute of Company Directors.

Special Responsibilities: Mr. Fitzgerald is the Chairman of the Audit committee and a member of the Nomination and Remuneration committee.

Robert Gordon Connochie
Independent Non-Executive Director, appointed 6 February, 2017

Mr Connochie is a highly-experienced potash and mining specialist with over 40 years of industry experience.

He brings extensive senior line management experience from the potash industry, including corporate development, evaluations, marketing, financing and acquisitions.

Previously, Mr. Connochie held positions as Chairman of Canpotex (a world leading potash exporter for over 40 years) and Chairman of Behre Dolbear Capital, Inc.

Other notable former positions include Chairman and CEO of Potash Company of America, CEO Asia Pacific Potash and Director, Athabasca Potash.

Mr. Connochie was Chairman of the Phosphate and Potash Institute, Director of the Fertiliser Institute, and Director of the Saskachewan Potash Producers Association.

He is currently a Non-Executive Director of Behre Dolbear, Australia and Behre Dolbear, International.

Special Responsibilities: Mr. Connochie is a member of the Technical and Risk committee.

Andre Leon Liebenberg
Independent Non-Executive Director, MBA, BSc (Elec) Eng, appointed 2 October 2017

Mr Liebenberg is an experienced mining industry professional and has extensive investor market, finance, business development and leadership experience.  Mr Liebenberg has spent over 25 years in private equity, investment banking, senior roles within BHP Billiton and most recently at QKR Corporation.

Mr Liebenberg’s previous roles within BHP Billiton included Acting President for BHP Billiton’s Energy Coal division, Chief Financial Officer for the Energy Coal division, the Head of Group Investor Relations and Chief Financial Officer for the Diamonds and Specialty

Products division. These roles were based in London, Melbourne and Sydney. Mr Liebenberg’s experience within BHP Billiton included key roles in the BHP Billiton merger, the bid for Rio Tinto and the bid for Potash Corp. of Saskatchewan.

Prior to BHP Billiton, Mr Liebenberg worked for UBS in London and the Standard Bank Group in Johannesburg.

Special Responsibilities: Mr. Liebenberg is the Chairman of the Nomination and Renumeration committee and a member of the Audit committee.

Zhang Jing
Non-Executive Director, appointed 17 June 2016

Ms Zhang joined the board in June 2016, and has previously held investment and project managerial roles in public listed companies in China. She has more than 15 years of international trading and business development experience in China.

Ms Zhang holds a Master’s degree in International Consultancy and Accounting form the University of Reading in the United Kingdom.


Last updated 22nd January 2019

Office Address

Level 1, Churchill Court
234 Churchill Avenue
WA 6008

How to contact us.

Telephone: +61 8 6315 1444
Facsimile: +61 8 9467 9119
Email: [email protected]

Postal Address

Danakali Ltd
Level 1, Churchill Court
234 Churchill Avenue
Western Australia 6008

Board of Directors

Seamus Cornelius (Executive Chairman)
Paul Donaldson (Non-Executive Director)
John Fitzgerald (Non-Executive Director)
Zhang Jing (Non-Executive Director)
Robert Connochie (Non-Executive Director)
Andre Leon Liebenberg (Non-Executive Director)

Company Secretary

Melissa Chapman and Catherine Grant-Edwards

Registered Office & Principal Place of Business

Level 1
234 Churchill Avenue
Churchill Court
Subiaco, WA, 6008

Tel: +61 8 6315 1444
Fax: +61 8 9467 9119


Norton Rose Fulbright Australia
Level 30, 108 St Georges Terrace
Perth WA 6000


1275 Hay Street
West Perth WA 6005.

Share Registry

Computershare Investor Services Pty Limited
Level 11, 172 St Georges Terrace
Perth WA 6000, Australia

Telephone (within Australia): 1300 850 505
Telephone (outside Australia): +61 3 9415 4000
Facsimile: +61 3 9473 2500
Website: www.computershare.com


Ernst & Young
11 Mounts Bay Road
Perth, WA 6000

Stock Exchange Listing

Danakali shares are listed on the Australian Stock Exchange (ASX: DNK) and on the London Stock Exchange under a Depositary Interest structure (LSE: DNK).
Danakali was previously called South Boulder Mines Limited under code STB.


The Bank of New York Mellon sponsors Danakali’s Level 1 ADRs which are traded on the over-the-counter (OTC) securities market in the United States under the symbol: DNKLY and CUSIP: 23585T101. One ADR represents one ordinary share in Danakali.

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Over-the-counter trading in Danakali is also available on the Frankfurt Stock Exchange (Symbol: S03-FRA) and the Berlin Stock Exchange (Symbol: SO3-BER).


Computershare Investor Services PLC
The Pavilions
Bridgwater Road
Bristol BS13 8AE, United Kingdom
Telephone: +44 (0) 370 702 0003
Website: www.computershare.com


ABN: 56 097 904 302
ACN: 097 904 302


Last updated 22nd January 2019