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