Minbos signs $13.8m Phase 2 construction contract for Angola project

ASX-listed Minbos Resources has announced the signing of a $13.8-million Phase 2 construction contract for the Cabinda Phosphate Fertilizer Plant (CPFP), in Angola, with Portuguese and Angolan construction group Grupo Arliz.

The contract covers all remaining construction works required to advance the CPFP to dry commissioning, including structural steel, mechanical installation, electrical and instrumentation works and process control systems.

The award marks the transition from completed civil works into the final construction phase. Phase 1, also with contractor Grupo Arliz, delivered the project platform, roads, drainage, slabs and foundations.

Importantly, Minbos says the plant and equipment are already in Cabinda and ready for assembly.

Designed by mining solutions provider FEECO International and shipped to Angola in 2023, the plant was procured early to mitigate capital cost inflation and schedule risk.

The contract follows Minbos receiving the first drawdown under its funding facility by the Industrial Development Corporation of South Africa (IDC) and the signing of a Banco de Fomento Angola term sheet, strengthening the funding package for project completion.

Minbos CEO Rob Newbold describes the signing of the Phase 2 construction contract as a significant milestone for Minbos and 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.

“This contract materially derisks project delivery and moves Minbos closer to supplying locally produced phosphate fertiliser to support Angola’s agricultural growth and reduce reliance on imports,” says Newbold.