MNB building phosphate (fertiliser) mine as prices at record levels

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.

It’s phosphate - and MNB has a lot of it

MNB has rapidly evolved over the last six months now riding not one, but THREE of our favourite long-term macro investment themes:

Improved MNB DFS Due in Q3 on Record Fertiliser Prices

Our African food security investment, Minbos Resources (ASX:MNB), is set to benefit from record fertiliser prices at a time when the world is desperate for new supply.

Three stocks to watch for the next few weeks

Three stocks in our portfolio are catching our eye this week for various reasons. With the China's curb on fertiliser exports, demand for nuclear power surging and the zinc price at all time highs - these stocks stand to gain the most.

Uptick in fertiliser prices works in Minbos' favour

Minbos Resources Limited (ASX: MNB) has provided an update on phosphate market conditions, discussing the sharp increase in the global phosphate fertiliser price and the potentially positive economic impacts on the company’s Cabinda Phosphate Project.

MNB “Seals the Deal” with Angolan Government

This morning Minbos Resources (ASX:MNB) has come out of a trading halt and announced the much anticipated execution of a “Mineral Investment Contract” with the Angolan government.

New agreement allows Minbos to develop fertilizer market in Angola

Minbos Resources Limited (ASX:MNB) and the International Fertilizer Development Centre (IDFC) have implemented a Memorandum of Understanding (MOU) to develop and grow the Small Holder Farmer market in Angola.

Minbos laying the ground work for DFS at Cabinda Phosphate Project

On Monday, Minbos (ASX: MNB) announced the appointment of DRA Global to provide engineering and design services for the Cabinda Project as it kicks its DFS into gear.

Minbos shares fire up as company progresses towards DFS stage

Minbos (ASX: MNB) has signed a contract with FEECO International for the basic engineering package for the Cabinda Phosphate Project.

Introducing Our Latest Portfolio Addition: $11M Capped ASX Stock Unlocking Food Security in Africa

We have recently made a large, long term investment in Minbos Resources Ltd (ASX: MNB), a $11M capped company that has a world-class phosphate ore project within the Cabinda Province of Angola, which has just released a highly positive Scoping Study.

Are you a sophisticated investor?
Find out more
Please note: Raisebook is a related entity of S3 Consortium Pty Ltd as defined in Section 9 of the Corporations Act 2001.