Minbos Resources Ltd (ASX:MNB, OTC:MNBRF, FRA:OMB) has signed a US$13.8 million Phase 2 construction contract with Portuguese and Angolan construction group Grupo Arliz to advance the Cabinda Phosphate Fertilizer Plant (CPFP) in Angola through to dry commissioning.
The contract covers the remaining construction works at the plant, including structural steel, mechanical installation, electrical and instrumentation works and process control systems.
It marks the project’s move from completed civil works into the final construction phase, with Phase 1 — also undertaken by Grupo Arliz — having delivered the project platform, roads, drainage, slabs and foundations.
Contract moves project into final build phase
Minbos said the Phase 2 award was a key step in de-risking project delivery, with the plant and equipment already in Cabinda and ready for assembly.
The plant was designed by FEECO International and shipped to Angola in 2023, with early procurement aimed at reducing exposure to capital cost inflation and schedule risk.
The contract follows the company’s first drawdown under its Industrial Development Corporation funding facility and the signing of a Banco de Fomento Angola term sheet, which Minbos said strengthened the funding package for project completion.
Funding and equipment in place
Minbos chief executive officer Rob Newbold said the contract represented a significant milestone for the company and for Angola’s only integrated phosphate mine and fertiliser project.
“With civil works complete, we are now entering the final build phase. The plant is already on site, funding is being deployed, and construction can progress toward dry commissioning,” Newbold said.
“This contract materially de-risks project delivery and moves Minbos closer to supplying locally produced phosphate fertilizer to support Angola’s agricultural growth and reduce reliance on imports.”
About Minbos Resources
Minbos Resources is developing the Cabinda Phosphate Fertilizer Plant as part of its integrated phosphate mine and fertiliser project in Angola.
The project is intended to support local fertiliser supply for Angola’s agricultural sector and reduce the country’s reliance on imported phosphate fertiliser.