Minbos Resources provides update on Cabinda project
Published by Oliver Kleinschmidt,
Deputy Editor
World Fertilizer,
Minbos Resources Ltd has announced that it has received a terms sheet for a US$5.48 million (5 billion Kwanzas) debt facility with Banco de Fomento Angola (BFA), one of Angola’s largest and most established commercial banks.
Together with the IDC facility (US$16 million), the company is now fully funded to complete construction of its Cabinda Phosphate Fertilizer Plant.
The receipt of the terms sheet follows an extensive period of technical, financial, and legal due diligence, and is indicative of the increasing level of institutional confidence in the Cabinda Phosphate Fertilizer Project. The facility is aligned with Angolan Government initiatives to support domestic industrial development, fertilizer and food production, positioning the Project as a strategically important asset within the region.
On 30 March 2026, shareholders of both Soul Rock Lda and Minbos Resources Lda, the company's Angolan subsidiaries to the project, approved the IDC loan agreement, announced 2 March 2026. This completed an important step in putting the project funding package in place.
Construction has continued at the Cabinda site throughout the wet season and will shortly conclude Phase-1. The company is in final stages of contract negotiations for Phase-2 construction, which will include commissioning of the plant.
Read the article online at: https://www.worldfertilizer.com/phosphates/16042026/minbos-resources-provides-update-on-cabinda-project/
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