- Minbos (MNB) identifies potential cost savings for its phosphate fertiliser plant in Angola following plant optimisation and flowsheet work
- The company says a recent review of its production profile resulted in a simplified flowsheet to produce beneficiated phosphate rock (BPR)
- With the core plant equipment to comprise a crusher, dryer and bagging plant, the company estimates savings of around US$10 million (A$14.6 million)
- Minbox says fieldwork shows BPR fertiliser provides 90 per cent of the yield increase versus mono-ammonium phosphate (MAP) fertiliser at a better price for farmers
- Minbos shares are up at 8.33 per cent and trading at 13 cents at 2:57 pm AEDT
Minbos Resources (MNB) has identified potential cost savings for its phosphate fertiliser plant in Angola following plant optimisation and flowsheet work.
The company estimated savings of around US$10 million (A$14.6 million) in forecast CapEx after a recent review of its production profile resulted in a simplified flowsheet to produce beneficiated phosphate rock (BPR).
Under the simplified flowsheet, core plant equipment will now comprise a crusher, dryer and bagging plant.
MNB said fieldwork showed BPR fertiliser provided 90 per cent of the yield increase versus mono-ammonium phosphate (MAP) fertiliser at a better price for farmers. It also had much higher yields versus unfertilised crops.
The project life of Minbos’ planned fertiliser plant is currently 20 years based on the defined ore reserve.
The company will now continue its field trial work with Angola’s International Institute of Agriculture, which is the country’s national agricultural research and technological development institution, operating 10 experimental stations located in the different agroecological zones of Angola.
Minbos shares were up at 8.33 per cent and trading at 13 cents at 2:57 pm AEDT.