Australia's Minbos Resources rises on Angola construction contract

Minbos Resources

16/06/2023 02:34

** Shares of Minbos Resources  MNB.AX  rise as much as 18.2%
to A$0.130 - set for best day since June 2, if current gains
hold
    ** Mineral explorer says signed an engineering, procurement
and construction management contract with Brazil-based EPC
Engenharia
    ** Co says the $4.3 mln contract is for construction of the
Cabinda Phosphate Fertilizer Plant in Angola
    ** MNB stock hits its highest level since June 6
    ** Stock up ~11% YTD, as of last close

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))