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Minbos Resources Limited (ASX:MNB)

ALERT: Price-sensitive ASX Announcement for MNB
Current share price for MNB : $0.022 0.002 (10%)+
Announcement
Release
22 Jun 2026 10:25AM
Price at Release
$0.020
Full Release
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Summary
Minbos Resources Limited has announced the signing of a US$13.8 million Phase 2 construction contract for the Cabinda Phosphate Fertilizer Plant with Grupo Arliz. This contract signifies a significant milestone for Minbos and Angola's only integrated phosphate mine and fertilizer project, marking the transition to the final construction phase. The contract includes all remaining construction works needed for the plant to reach dry commissioning. This follows the completion of civil works and the arrival of plant equipment in Cabinda. The project aims to supply locally produced phosphate fertilizer to support Angola's agricultural development and reduce import reliance. The funding for this phase has been strengthened by a drawdown under Minbos's IDC funding facility and a term sheet with Banco de Fomento Angola, further de-risking the project delivery.
Key Points
  • Minbos signs US$13.8M Phase 2 construction contract.
  • Contract with Grupo Arliz for Cabinda Phosphate Fertilizer Plant.
  • Transition to final construction phase for dry commissioning.
  • Strengthened funding through IDC facility and Banco de Fomento Angola.
  • Aims to support Angola's agricultural growth and reduce imports.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.