Australia's Minbos Resources rises as construction progresses at Angola facility

Minbos Resources

20/06/2025 04:28

** Shares of fertilizer distributor Minbos Resources MNB.AX rise 9.8% to A$0.045; on track for best session since June 3, if gains hold

** Co advances construction of its Subantando fertilizer plant in Africa's Angola by approving order of items including diesel storage and pumping system, power line connection, etc.

** Says completing initial stage construction activities at the facility

** Shares set to snap five-session losing streak

** Stock down 23.7% YTD

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)

 ((JasmeenAraIslam.Shaikh@thomsonreuters.com;))