PERTH (miningweekly.com) – The Cabinda phosphate project, in Angola, has been granted key environmental approval licences for construction activities, owner Minbos Resources said on Friday.
The company told shareholders that the approvals confirmed that the project had met all environmental formalities and processes related to the installation and construction of mining and processing facilities.
A definitive feasibility study estimates that the project will require a capital investment of $48.5-million based on a 187 500 t/y operating capacity, delivering 236 000 t/y of fertilizer over a project life of some 20 years, based on a maiden ore reserve of 4.72-million tonnes at 30.1% phosphates at the Cácata Phosphate mine.
Minbos on Friday said that the company was well advanced in its offtake discussions with most of the Stage 1 production expected to be covered within current negotiations.
Meanwhile, Minbos on Friday also announced the appointment of Steve Abbott as COO. He has more than 30 years’ experience in senior international and resource sector roles. He has proven technical and management experience at senior levels across exploration, mining, processing, metallurgy, maintenance, smelting, refining, infrastructure, approvals and stakeholder engagement.
Asareh Mansoori has also been appointed as GM of operations. She is a mining engineer with 15 years’ experience within the Australian and International resource sector. She is the company’s senior in-country manager in Angola, responsible for the development and operation of the Cabinda phosphate mine and processing plant.