Angola – The Angolan Ministry of Mines and Geology (MGM) has issued Minbos Resources a new licence for its Cacata phosphate deposit. The new licence has been issued for a five year period expiring on 25 September 2020 and is renewable for a further two years.
The Cacata deposit forms part of the Cabinda project which also consist of the following deposits: Chivovo, Mongo Tando, Chibuete, Ueca and Cambota (remaining deposits). The licence for the remaining deposits is expected to be issued soon.
The issue of the licence was preceded by Minbos and its 50% Joint Venture Partner Petril Phosphates. A presidential decree was issued on 8 June 2015 confirming that the Cabinda project has been approved and instructing Angolan Ministries to provide all the infrastructure and support that the JV partners requires for the project.
The signed contracts also cover the mining phase of the Cabinda project. On completion of the Environmental Impact and Economic Viability Study the issue of a mining licence can be requested. The mining licence will be valid for thirty five years, renewable for successive periods of ten years.
Minbos recently secured port access for the Cabinda project by signing a Letter of Intent with Port of Caio who is planned to be operational in the third quarter of 2017.
Minbos CEO Lindsay Reed says: “We are extremely pleased that the new licence for the Cacata deposit has been issued, which follows shortly after securing port access. The JV partners will now commence BFS studies on the high grade Cacata deposit.”
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