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 […]
Tag: Amapá iron – northeast Brazil
Cadence resumes sales of Amapá iron ore stockpiles
Cadence Minerals plc said that the sale and shipment of iron ore stockpiles has restarted from its joint venture (JV) iron ore stockpiles from Santana, Amapa in Brazil. JOINT VENTURE The company owns 27% of the project, with Indo Sino Pty Ltd owning the remaining 73%. The JV company is Pedra Branca Alliance Pte. Ltd […]
Cadence appoints WAI as PFS manager at Amapá
Cadence Minerals plc has appointed Wardell Armstrong International Ltd as pre-feasibility study (PFS) manager of the Amapa iron ore project in Brazil. PFS The company last week completed its 27% acquisition of the project. Cadence company said that the PFS, which began late last year, is based on producing 5.3 Mt of iron ore concentrate […]
Cadence completes 27% investment in Amapá
Cadence Minerals plc said it had now vested its 27% of the Amapa iron ore project in Brazil. SECOND STAGE The company completed all necessary documents for its second stage of investment to acquire a further 7% (US$3.5m) of Pedra Branca Alliance (PBA). PBA is the Cadence and IndoSino (73%) joint venture company, which owns […]
Cadence completes 20% acquisition of Amapá
Cadence Minerals plc said it had completed all documentation to own 20% of the Amapa iron ore project in Brazil. AGREEMENT The documents relate to a settlement agreement between the company and its joint venture (JV) partner Indo Sino Pty Ltd with DEV Mineração S.A. and the secured bank creditors. Cadence added that the completion […]