Cadence Minerals plc has submitted further documents for the approval process to start construction at the Amapá iron ore project in Brazil.
GREEN IRON
The environmental control plan (PCA) and the environmental control report (RCA) were given ahead of schedule for the mine and railway.
The PCA and RCA are part of the environmental approval process before the grant of an installation licence.
Cadence said that the port’s environmental licensing was on schedule with the PCA and RCA and was due to be submitted during the third quarter of 2024.
The company has also completed sampling of two tonnes of iron ore, representing the life of mine material, for the 67% ‘green iron’ processing flow sheet.
The sampling will be shipped to the company’s independent processing engineers in China.
As of 28 March 2024, Cadence’s total investment in Amapá had increased by approximately US$1.1 million to approximately $13.2m equal to a 33.6% equity stake.
“The Cadence board and management team are thrilled with the recent uptick in the pace of developments at the Amapá iron ore project,” added chief executive Kiran Morzaria.
“The early submission of our environmental reports underscores the project’s commitment to sustainability and efficient project management, and this along with the anticipated approval of our installation licence for the current year, is paving the way for the rehabilitation and commissioning of the Amapá project.
“Our dedication to the ‘green iron’ initiative reflects our vision for an environmentally lower carbon iron ore product.”