The Cabinda project is expected to cost $27.9m for development. Credit: Pexels from Pixabay.

Minbos Resources has secured mining licence from Angola’s Ministry of Mineral Resources, Petroleum and Gas (MIREMPET) for the Cabinda phosphate project.

The licence, renewable for up to 35 years, has been granted for an area of 85km²including the designated project area comprising the Cácata high-grade phosphate deposit, proposed open-pit mine, waste and ore stockpiles, and all associated infrastructure.

Minbos CEO Lindsay Reed said: “To receive our Mining Licence less than two months after executing a Mining Investment Contract, usually a 3-5 year process, is a timely confirmation by the Government of Angola of their commitment to support and accelerate our Project.

“The Company is now positioned to develop Angola’s first locally mined and manufactured fertiliser for sale into one of the most prospective growing regions globally.”

Angola awarded the Mineral Investment Contract (MIC) to Minbos in June 2020 for the Cabinda Phosphate Project following submission of a technical, economic and financial feasibility study (TEFFS).

Minbos’ environmental consultants Grupos Simples and HCV are planned to be mobilised to Cabinda site in early April 2021 to complete a wet season base line environmental survey.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData

Tick here to opt out of curated industry news, reports, and event updates from Mining Technology.

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

A dry season base line survey is scheduled to be conducted in the September quarter, enabling the firm to seek approvals for the environmental impact assessment (EIA) and EISA from regulatory authorities and project financing.

As per the 2020 scoping study, the Cabinda project will cost between $22.4m and $27.9m for development. It is based on an initial name plate capacity of 150,000tpa of enhanced phosphate rock but is expected to begin production at 50,000tpa.