Cadence Minerals plc has agreed up to a US$10 million loan to develop the Amapá iron ore project in Brazil, including optimisation studies on the processing route and environmental licensing. TRANCHES A commitment of an initial tranche of $2m has been agreed with Riverfort Global Capital Ltd to be entered into by RiverFort Global Opportunities […]
Tag: Amapá iron – northeast Brazil
Cadence to save $28m by relocating Amapá rail loop
Cadence Minerals plc has identified savings of approximately US$28 million, or 24%, on the cost of refurbishing the port at the Amapá iron ore project in Brazil. UNLOADING The figure follows the company’s review of the scoping study, completed in March, and integration into the original pre-feasibility study published in January this year. “The savings […]
PFS confirms strong LoM returns at Amapá
Cadence Minerals plc said its pre-feasibility study (PFS) confirmed the potential for high-grade iron ore concentrate production and strong returns over life of mine (LOM) at the Amapá iron ore project in northeast Brazil. PFS Wardell Armstrong International compiled the PFS which was managed by Pedra Branca Alliance Pte. Ltd, Cadence and Indo Sino Pte […]
Cadence to increase stake in Amapá iron ore
Cadence Minerals plc said it intended to increase its stake from 27% to 30% in the Amapa iron ore project in Brazil. FINANCE The company added it would retain its first right of refusal to acquire 49% of the asset. Cadence will earn the additional 3% through conversion of loans, capitalisation of management, consultancy, and […]
Cadence notes significant MRE increase at Amapá
Cadence Minerals plc reported an increase in JORC resource, with greater tonnage in measured and indicated categories, at its joint venture Amapá iron ore project in Brazil. MRE Partner DEV Mineraço S.A.’s new mineral resource estimate (MRE) shows an increase in total measured, indicated and inferred mineral resources, to 276.24 million tonnes (Mt) grading 38.33% […]
Cadence on course for inaugural Amapá MRE and PFS
Cadence Minerals plc reported that contractors have visited their engineering areas ahead of a pre-feasibility study (PFS) for the Amapa iron ore project in Brazil. ORE RESERVE Wardell Armstrong International were also on-site as part of its role in the publication of the PFS. Focus has also continued on environmental permitting, compliance with Brazilian legislation […]