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Minbos Resources Limited ( (AU:MNB) ) just unveiled an announcement.
Minbos Resources Limited has announced the approval of long lead item orders for Stage 2 construction of its Subantando Fertilizer plant in Angola, with items valued at over A$800,000. This development is part of a staged construction approach aligned with its financial partners, including the Angolan Sovereign Wealth Fund and South African and Angolan banks. The project aligns with Angola’s National Development Plan, focusing on food security and economic growth in agriculture. Upon completion, Minbos will be the first primary fertilizer producer in Angola, enhancing its market position in a rapidly growing region.
More about Minbos Resources Limited
Minbos Resources Limited is a company operating in the fertilizer industry, focusing on the production of phosphate fertilizers. The company is primarily involved in the development of the Cabinda Phosphate Fertilizer Project in Angola, aiming to become a significant player in the region’s agricultural sector.
Average Trading Volume: 705,264
Technical Sentiment Signal: Sell
Current Market Cap: A$42.9M
For a thorough assessment of MNB stock, go to TipRanks’ Stock Analysis page.