Junior phosphate producer Minbos Resources Ltd., Subiaco, Western Australia, said on May 25 that it has divested its interest in Madagascan Rare Earths Project to ALS (Hong Kong) Ltd. The proceeds of A$2.46 million will be applied to complete the definitive feasibility study for the proposed Cabinda Phosphate Plant in Angola (GM Feb. 22, p. 35).
Minbos also confirmed that it has received an updated resolution from RNT-EP, Angola’s power network operator, that it intends to enter into an agreement with Minbos for the supply of hydroelectric power from the Canpunda Hydroelectric Dam, which Minbos could use for a green hydrogen and ammonia plant. Minbos is looking at the possible production of nitrogen fertilizer, as well as ammonium nitrate, for industrial uses, mainly to serve Africa’s mining industries.