Metals & Minerals News

Cadence notes fourth sale of Amapá stockpile iron ore

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.