Australia's Minbos Resources jumps on Angola phosphate project progress

Minbos Resources

15/02/2022 01:34

** Shares of phosphate explorer Minbos Resources  MNB.AX 
rise as much as 7.4% to A$0.145, set for their best session
since Feb. 7 
    ** Co says it signed an agreement to begin work on design
and scheduling programmes for its Cabinda Phosphate Fertilizer
Project in Angola  urn:newsml:reuters.com:*:nASX85kZCv 
    ** Agreement with Brazil-based EPC Engenharia e Projetos de
Infraestrutura Ltda, who will subcontract the work to another
contractor with experience working in Angola 
    ** Stock on course for first gain in six sessions 
    ** MNB has risen 12.5% YTD, as of last close

 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))