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Minbos Resources Limited ( (AU:MNB) ) just unveiled an update.
Minbos Resources Limited has achieved a significant milestone in the construction of its Subantando Fertilizer Plant in Angola with the successful pouring of the main concrete slab. This development marks a crucial step in the Cabinda Phosphate Project, as the company moves closer to commissioning and production, with first production targeted for 2026. The project is supported by strong collaboration between local contractors, project engineers, and Minbos site teams, and aims to deliver Angola’s first locally produced phosphate fertilizer, contributing to the country’s agricultural transformation.
More about Minbos Resources Limited
Minbos Resources Limited is developing a nutrient business in Angola, focusing on addressing phosphate deficiencies in Angolan soils. The company aims to establish customer relationships with distributors and food aggregators, providing education to commercial and family farmers. Through projects like the Cabinda Phosphate Project and partnerships such as Fertiafrica, Minbos plans to supply phosphate and nitrogen-based fertilizers to support Angola’s agricultural transformation.
Average Trading Volume: 756,723
Technical Sentiment Signal: Hold
Current Market Cap: A$52.65M
Find detailed analytics on MNB stock on TipRanks’ Stock Analysis page.