Minbos Submits First Drawdown Request Under $16 Million IDC Facility
Minbos Resources has submitted a request to draw down 30% of its US$16 million loan facility from South Africa's Industrial Development Corporation (IDC), amounting to approximately US$4.8 million, following the signing of required security agreements in Luanda, Angola. The funds are expected soon and will support construction at the Cabinda Phosphate Fertilizer Plant.
