https://www.miningweekly.com

Minbos granted licence over Angola phosphate project

12th December 2014

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – ASX-listed Minbos Resources and its joint venture (JV) partner Petril Projects have secured new licences for the Cabinda phosphate project, in Angola.

The two new licences, awarded by the Angolan Ministry of Geology and Mines, would be issued for a term of five years, renewable for a further two. The first licence is for the Cacata deposit, while the second licence covered the remainder of the Cabinda project deposits.

“We are extremely pleased that the agreements leading to new licences on the Cabinda project have been executed. The Cabinda project is without peer in the Atlantic basin, and following the issue of the new licences, Minbos and its JV partner Petril will proceed with the bankable feasibility study,” said Minbos CEO Lindsay Reed.

He noted that, in addition, the company would also continue to pursue capital and operating cost reductions, and to extend the high-grade component of the resource base at Cabinda.

A scoping study over the Cacata project has estimated that a capital spend of some $157-million would be required to develop the 800 000 t/y phosphate rock concentrate operation, which would have a mine life of around ten years.

The project was estimated to have a net present value of some $311-million and an internal rate of return of 40.2%, while operating costs had been estimated at $57.23/t.

Edited by Creamer Media Reporter

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Rio-Carb
Rio-Carb

Our Easy Access Chute concept was developed to reduce the risks related to liner maintenance. Currently, replacing wear liners require that...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 03 May 2024
Magazine round up | 03 May 2024
3rd May 2024
Resources Watch
Resources Watch
2nd May 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:1.821 5.74s - 90pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: