Minbos Resources will produce fertilizers in Angola
Australian company Minbos Resources and Angola Sociedade Agroquímica Industrial intend to jointly build a plant for mixing mineral fertilizers for their subsequent supply to farmers of the Malanje province (the area of arable land exceeds 6 million hectares there). The government of Angola has already allocated a plot of 20 hectares for future enterprise.
The memorandum signed between Minbos Resources and Sociedade Agroquímica Industrial provides for the construction of a plant with a capacity of 250 thousand tons of compound fertilizers per year and a laboratory for soil analysis and the formation of a national database on its composition and properties. The parties also want to develop local lime deposits.
Minbos Resources should prepare a feasibility study for the construction of an enterprise. The company will own 60% of its authorized capital and the remaining 40% will be held by Sociedade Agroquímica Industrial. Minbos Resources experts report that investments in the creation of the plant will not exceed a million dollars over the next year.
Enjoyed this story?
Every Monday, our subscribers get their hands on a digest of the most trending agriculture news. You can join them too!
Exciting times in Oryza! Our new platform is set to transform agriculture, bringing real change to farmers' lives. I am proud to be a part of Oryza's mission to transform agriculture with technology, empower farmers and drive sustainability. I strongly believe our focus on innovation and collaboration is key to the future of agriculture.
Discussion0 comments