Cadence Minerals plc subsidiaries in the Sonora lithium project have filed administrative review recourses against the Mexican government’s resolutions cancelling the concessions. JOINT VENTURE The company’s £3.89 million interest is through a 30% stake in the JV interests in Mexilit S.A. de CV and Minera Megalit S.A. de CV. Gangfeng Lithium Group is developing Sonora, […]
Tag: Amapá iron ore – northeast Brazil
Cadence notes completion of Amapá PFS
Cadence Minerals plc reported the completion of the pre-feasibility study (PFS) for the Amapá iron ore joint venture (JV) project in northeast Brazil. JV STRUCTURE Amapá is one of Cadence’s three investment projects in which it owns 27% of the JV company Pedra Branca Alliance (PBA) along with IndoSino (73%). PBA owns 100% equity of […]
Cadence looks to future value after losses
Cadence Minerals plc swung to a loss during 2021 but said its assets, particularly iron ore and lithium, would perform well in the future. FINANCES In its annual results for the year ended 31 December 2021, the company reported a loss of £0.14m (2020: £7.82m profit) due to reduced realised and unrealised profits and losses for […]
Cadence starts PFS for Amapá iron ore
Cadence Minerals plc announced that pre-feasibility studies (PFS) had started at the Amapá iron ore project in northeast Brazil. PROCESSING PLANT AND RAILWAY The company, working alongside DEV Mineração S.A . and Indo Sino Pty Ltd, has also made progress on the redevelopment of Amapá in several key areas. DEV commissioned the PFS on the […]