Minbos Resources Ltd. owns the Cabinda Phosphate Fertilizer Project through Phobos Ltd.
As of 30 June 2025, the Angolan Sovereign Wealth Fund (FDSEA) have acquired 22% of Phobos Ltd. Minbos's share in Phobos Ltd is 78%.
Phobos Ltd holds 85% of the shares of Angolan entities, Soul Rock-Prospecção, Exploração De Fosfato, Produção e Comercialização de Fertilizantes, Lda (Soul Rock Lda), which owns the Cabinda Plant, and Minbos Resources Exploração Mineira, Lda (Minbos Lda), which owns the on Cácata Mine. The 15% minority interest in both companies is held by the three strategic Angolan shareholders.

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