Australian mining junior Minbos Resources Ltd. and Angolan agribusiness Sociedade Agroquímica Industrial (Sagrind) have signed a Memorandum of Understanding (MoU) to build an NPK fertilizer blending plant and distribution business in Angola.
Under the agreement, Sagrind will provide local agricultural management and knowledge, including its distribution network. The Angolan government has allocated a 20-hectare site in Malanje, 380 km (240 miles) east of the country’s capital Luanda.
“The signing of this agreement with our new local partner paves the way for Minbos to ramp up plans for delivering a locally-produced NPK fertilizer and associated products within the Malanje growing corridor,” said Minbos CEO Lindsay Reed. The Australian junior has released no details of the plant’s proposed capacity or project timeline.
Minbos and its Angolan partner, Soul Rock Ltda., are developing the Cabinda Phosphate Project, which includes the Cácata Mine and Caio Granulation Plant at Porto de Caio. A Definitive Feasibility Study has yet to be completed for the project (GM Oct. 2, 2020). The company and its Angolan partner, Soul Rock Ltda., won an international tender for the Cabinda Project in March 2020 (GM March 20, 2020).