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Minbos' Angola mine may supply phosphate rock to Foskor

Porto do Caio Stage 1 quay that is scheduled for completion in December 2025.

Porto do Caio Stage 1 quay that is scheduled for completion in December 2025.

1st July 2024

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

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Junior mining company Minbos has announced a nonbinding memorandum of understanding (MoU) with South Africa-based Foskor for a potential supply agreement from its Angola mine.

Foskor currently sources phosphate rock for its Richards Bay phosphoric acid-based fertiliser plant from its mine in Phalaborwa, but Minbos says the company is considering supplementing supply with alternative sources.

The MoU contemplates a series of bulk samples and trials to evaluate Minbos’ phosphate rock for commercial suitability. Upon successful trials, the parties have agreed to discuss commercial terms relating to a potential offtake agreement.

Technical due diligence and logistics activities have been initiated to establish the compatibility of the Cabinda phosphate rock and the timing of the logistics infrastructure at the Port do Caio deepwater port.

“The company has been engaged with Foskor for some months as the two companies discussed how a possible collaboration would work. The combination of an earlier-than-anticipated completion of the new deepwater Port at Caio and the ability of the company to build in the Stage-2 expansion as part of the initial construction has allowed both companies to progress their discussions,” said Minbos MD Lindsay Reed.

Construction at Porto do Caio is on schedule for the opening of the first berth in December 2025 paving the way for export shipments from Cabinda in 2026.

The Cabinda phosphate project, comprising the Cácata phosphate deposit and the Futila fertiliser plant, will operate for 20 years, producing 236 000 t/y of fertiliser over 20 years, based on a maiden reserve of 4.72-million tonnes at 30.1% phosphates at the Cácata phosphate mine.

Edited by Creamer Media Reporter

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