Minbos Resources (ASX:MNB) has signed a US$13.8 million ($19.7 million) phase two construction contract for its Cabinda Phosphate Fertiliser Plant in Cabinda, Angola, with Portuguese and Angolan construction group Grupo Arliz.
The contract covers all remaining construction works required to advance the plant 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 one, also with contractor Grupo Arliz, delivered the project platform, roads, drainage, slabs, and foundations.
The plant and equipment are already in Cabinda and ready for assembly. Designed by 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 IDC funding facility and the signing of a Banco de Fomento Angola term sheet, strengthening the funding package for project completion.
“The signing of the phase two construction contract is a significant milestone for Minbos and Angola’s only integrated phosphate mine and fertiliser project,” CEO Rob Newbold says.
“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.”
Write to JC Villarba at Mining.com.au
Images: Minbos Resources
