Angolan company “Mongo Tando” on Saturday launched phosphate exploration in Cácata, in Cabinda, northern Angola, in an area of 21.16 square kilometres containing over 10.2 million tonnes of phosphate rock.
With an investment of US$120 million and forecast annual production of 800,000 tonnes of phosphates the Cácata quarry will employ 250 people.
The company plans to extract and export about 1 million tonnes of phosphates per year in addition to producing fertilizers for agricultural production.
The prospecting phase of the phosphate deposits began in 2009 with test drilling along the perimeter of the concession, to identify the best area for phosphate exploration. (macauhub)