Minbos Resources (ASX:MNB) soars on mineral investment contract
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Shares in Minbos Resources (MNB) have spiked after the company executed the mineral investment contract for the Cabinda Phosphate Project
Under the contract, the company will explore and exploit phosphate rock within the Cabinda Phosphate Project’s concession area
The contract also formalises Minbos’ engagement with Angolan Government Ministries and the province of Cabinda
This will allow the company to complete approvals, access agreements, offtake agreements, and contracts for the Caio Granulation Plant
Minbos Resources is up 50 per cent, and is trading for $0.10 per share
Minbos’ dedication to African food supply continues to grow
Minbos Resources has entered into a memorandum of understanding (MOU) with the International Fertiliser Development Centre (IDFC) to develop and grow the small holder farmer market in Angola, Africa.
The IFDC is an international non-for-profit organisation, dedicated to scientific innovations that increase global food production, protect the environment and empower small holder farmers.
The organisation strives to improve the lives and productivity of small holder farmers, and does so through running country-scale agricultural projects across Africa. These projects introduce farmers to improved agricultural practices, fertiliser technologies and facilitation of market access.
Minbos’ Dedication To African Food Supply Continues To Grow
–The below is a company-sponsored announcement–
Minbos Resources Limited ((MNB)) last week announced a Memorandum of Understanding (MOU) with the International Fertilizer Development Centre (IDFC), which will work to develop and grow the Small Holder Farmer market in Angola.
The IFDC is an international non-for-profit organisation, dedicated to scientific innovations that increase global food production, protect the environment and empower Small Holder Farmers.
The organisation strives to improve the lives and productivity of Small Holder Farmers and does so through running country-scale agricultural projects across Africa. These projects introduce farmers to improved agricultural practises, fertiliser technologies and facilitation of market access.
IFDC, Minbos Resources Limited Sign MOU to Develop Angola Markets
December 11, 2020 – The International Fertilizer Development Center (IFDC) and Minbos Resources Limited signed a Memorandum of Understanding (MOU) on December 11, 2020. The agreement is the platform for the Cabinda Phosphate project that seeks to develop the fertilizer market for smallholder farmers in Angola. The project will leverage IFDC’s innovative research, market expertise and strategic partnerships to identify sustainable solutions for soil and plant nutrition to benefit smallholder farmers, local communities, and the environment.
Angola remains a promising, untouched agricultural resource. With 35 million hectares of arable land, high rainfall, and some of the lowest fertilizer application rates globally, Angolan agriculture proves to be full of potential. Development of Angola’s fertilizer market will be a major step toward increasing food security within the country. Strengthening the market system
Minbos Resources (ASX:MNB) and IFDC sign MoU to develop fertiliser market in Angola
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Minbos Resources (MNB) has signed an MoU with the International Fertiliser Development Centre (IFDC) to develop a small holder farmer market in Angola
The IFDC is a not-for-profit organisation that aims to increase food security and agricultural productivity in more than 100 developing countries
The companies will utilise Minbos Cabinda Phosphate Project to support Angola s agriculture industry which globally has some of the lowest rates of fertiliser use
The project is expected to go into production in 2022 and is set to begin producing 50,000 tonnes of phosphate per annum