MNB building phosphate (fertiliser) mine as prices at record levels
Next Investors Oct 17, 2022
We like MNB because its phosphate fertiliser project in Angola looked like it could be constructed quickly and brought into production at a modest cost. Now, against a backdrop of record fertiliser prices, MNB today released its long awaited Definitive Feasibility Study (DFS). The DFS showed us some firm numbers to build the mine, along with calculations around the project’s value, with first production now scheduled for late 2023.