- Millennial Potash Corp (TSXV: MLP, OTCQB: MLPNF) completes Phase 1 of Mangali Port in Gabon, enhancing logistics for the Banio Potash Project.
- The Mangali Port features a 130-meter quay and is operated by Grande Mayumba Port Company under a 30-year agreement.
- Nearby Mayumba Power Station, initially providing 8.5 MW, will expand to 50 MW, supporting regional energy needs.
Millennial Potash Corp (TSXV: MLP, OTCQB: MLPNF) has announced the completion of Phase 1 of the Mangali Port project in Gabon. The new port infrastructure includes a 130-meter quay designed for vessels with a 3-meter draft, enhancing southern Gabon's export logistics. Notably, this facility is operated by Grande Mayumba Port Company under a long-term, 30-year public service agreement, marking a significant milestone for regional development.
In conjunction, the Mayumba Power Station is progressing, with the imminent arrival of gas turbines expected to enhance the region's energy capacity. Initially set to deliver 8.5 MW, the power station's capacity is expandable to 50 MW, ensuring a steady energy supply for local industries and communities.
These infrastructure projects, though independently managed, are strategically located near Millennial's Banio Potash Project and are anticipated to improve operational efficiencies through enhanced shipping logistics and reliable power access. While Millennial Potash Corp does not directly control these developments, their strategic significance is poised to contribute positively to the company's mining and processing operations in the future.
