Minbos Resources signs major construction contract

Minbos Resources (ASX:MNB) has signed a civil construction contract for its Cabinda Phosphate Fertilizer Plant in Angola. The contract, valued at US$6.7 million, was awarded to Construcoes AR-Lindo Lda, an Angolan subsidiary of Grupo Arliz. The project is set to adhere to FIDIC standards with completion expected by May 12, 2025.

Overview of Minbos Resources' strategic project development

Minbos Resources has advanced its Cabinda Phosphate Fertilizer Plant by signing a US$6.7 million civil construction contract with Construcoes AR-Lindo Lda. The plant, designed by FEECO International and pre-fabricated to mitigate CAPEX risks, is aimed at addressing phosphate deficiencies in Angolan soils, thereby supporting local agriculture. The plant's construction, with expected completion by May 2025, aligns with Minbos' strategy to enhance agricultural productivity and explore export opportunities, including a potential partnership with South Africa's Foskor. This project is a crucial step in Minbos' commitment to improving soil productivity in Angola and potentially expanding into new markets.

Official statement from Minbos Resources

The signing of this contract marks a significant milestone in the development of the Cabinda Phosphate Fertilizer Plant. We are eager to commence construction and are confident in our partner, Construcoes AR-Lindo Lda, to deliver the project to FIDIC standards.