Fertiliser prices up further, MNB plant design finalised

Our fertiliser and food security investment, Minbos Resources (ASX:MNB) is poised to benefit from elevated fertiliser prices.

CEO of MNB, Lindsay Reed, commented on the price moves and what that means for the company on LinkedIn:

Like many other commodities, fertiliser has seen prices rise on the back of supply chain disruptions caused by the war in Ukraine. Russia was the world’s top exporter of fertilisers in 2019 and is a key supplier of urea and potash.

Based in Angola, Minbos Resources is putting the pieces in place for a low cost, high return (IRR) phosphate project.

With production slated to begin in the first half of 2023, we think MNB could play a critical role in food security for southern Africa.

Below is breakdown of the economics of MNB’s phosphate project:

For a quick high level summary of why we invested in MNB, key objectives, risks and our investment plan - here’s our MNB Investment Memo.

What’s next: Rising fertiliser prices will improve the economics of MNB’s project, and we are expecting a definitive feasibility study (DFS) and a final investment decision in the coming months.