https://www.miningweekly.com
Explosives|Fabrication|Mining|PROJECT|Resources|Equipment
Explosives|Fabrication|Mining|PROJECT|Resources|Equipment
explosives|fabrication|mining|project|resources|equipment

Cabinda DFS proves up

17th October 2022

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – The definitive feasibility study (DFS) for the Cabinda phosphate project, in Angola, has estimated a capital requirement of $48.5-million to develop the project, with owner Minbos Resources saying it will only require $40-million in funding after allocating existing cash.

The DFS is based on a 187 500 t/y operating capacity, delivering 236 000 t/y of fertilizer over a project life of 20 years, based on a maiden ore reserve of 4.72-million tonnes at 30.1% phosphates at the Cácata phosphate mine.

The base case estimated a post-tax net present value of $203.2-million, an internal rate of return of 39% and a payback period of just under five years, with the DFS also estimating average yearly earnings before interest, taxes, depreciation and amortisation of $55-million.

“Supported by a long mine life, globally important and high-margin product and a market hungry for fertiliser, the DFS demonstrates that the Cabinda phosphate project has robust economics with relatively low capital cost requirements, putting Minbos on a pathway to near-term production,” said CEO Lindsay Reed.

“Our fertiliser strategy has been developed following more than five seasons of greenhouse and field trials and supported by a strong and sustained commitment to customer engagement which has broadened the market opportunity to nitrogen fertiliser and key micronutrients. Work carried out over the past 24 months has Minbos strongly positioned to capitalise on the fertiliser opportunities in new markets regionally, as well as new commodities and mining explosives.”

First production from Cabinda is currently expected in the fourth quarter of next year, with fabrication of key major equipment now completed.  

Edited by Creamer Media Reporter

Comments

Showroom

Flameblock
Flameblock

FlameBlock is a proudly South African company that engineers, manufactures and supplies fire intumescent and retardant products to the fire...

VISIT SHOWROOM 
Aqs image
AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (24/05/2024)
24th May 2024 By: Martin Creamer
Magazine round up | 24 May 2024
Magazine round up | 24 May 2024
24th 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:0.204 0.239s - 108pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: