Metals & Minerals News

Cadence notes fourth sale of Amapá stockpile iron ore

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Cadence Minerals plc noted the fourth sale and shipment of iron ore from stockpiles at the Amapá joint venture project in Brazil.

Export: DEV loaded 48,492 wet tonnes of iron ore sinter fines at Companhia Docas de Santana (Cadence Minerals – processing plant at Amapa)

PARTNERS

The company holds 27% and Indo Sino Pty Ltd has 73% of the JV project company Pedra Branca Alliance Pte. Ltd, which owns 100% equity of DEV Mineração S.A.

Approximately 1.2Mt of iron ore is currently stockpiled in DEV’s wholly-owned port.

On 23 April, DEV completed loading the 48,492 wet tonnes of iron ore sinter fines (approx. 58% Fe) at Companhia Docas de Santana.

The first three shipments occurred during the first half of last year with approval via a court petition.

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