Danakali gains new North American shareholders, Colluli is located in Eritrea

Danakali (ASX:DNK) has a new substantial shareholder known as The Capital Group Companies, Inc., which is the parent company of Capital Research and Management Company (CRMC).

CRMC is a U.S.-based investment management company that manages the American Funds family of mutual funds, and now holds a 6.79% stake in Danakali.

Danakali remains focused on the Tier-1 Colluli Potash Project, which is located in the East African country of Eritrea.