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Cadence Minerals (KDNC) – Macarthur Minerals (TSX-V: MMS, ASX: MIO) seeks Venture Partner to further explore its nickel projects in Western Australia.

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to note today’s update from Macarthur Minerals (TSX-V: MMS, ASX: MIO) (“Macarthur”) on the potential for cobalt and nickel mineralisation at its Lake Giles Iron Ore Project in Western Australia, following recent rock chip sampling that coincided with the Company’s magnetite infill drilling. In 2018, a rock […]

Cadence Minerals (KDNC) – Macarthur Minerals (TSX-V: MMS, ASX: MIO) set to advance Moonshine nickel prospect with EIS co-funded drilling

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to note yesterday’s update from Macarthur Minerals (TSX-V: MMS) (“Macarthur”), that it has been awarded a grant valued at $85,000 from the Western Australian Government to support drilling of a diamond drill hole at its Moonshine North Nickel Prospect, located within its Lake Giles Iron Project in […]

China iron ore extends gains on stimulus hopes, falling Brazil exports

(Reuters) – China’s iron ore futures rose on Tuesday along with other ferrous derivatives amid hopes of stimulus support for the global economy facing recession due to a coronavirus outbreak. Iron ore prices also got a boost after major supplier Brazil reported a 17.5% month-on-month decline in exports of the steelmaking raw material in February. […]

As Gold Plunges, Chinese Investors Find New Haven in Steel Rods

Bloomberg Investors in China have found an unlikely new hiding place from the chaos engulfing financial markets. The price of steel reinforcement bar, the somewhat unglamorous but ubiquitous commodity used to strengthen concrete, has risen almost 5% over the past month in Shanghai. Over the same period, gold — the traditional haven amid turmoil — […]

Cadence Minerals #KDNC – Macarthur Minerals (TSX-V: MMS) (ASX: MIO) reports strong progress on Feasibility Study for Lake Giles iron project.

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to note today’s update from Macarthur Minerals (TSX-V: MMS) (“Macarthur”), that is pushing ahead on the Feasiblity Study for its Lake Giles Iron Project in Western Australia, despite strong economic headwinds caused by the coronavirus crisis. Progress to Date XRF assays and David Tube Recovery (DTR) analysis […]

Cadence Minerals #KDNC – CEO Share Purchases

The Company announces that Kiran Morzaria, Director and CEO of the Company, today notified the Company that he purchased 254,741 ordinary shares in the Company (“Common Shares”) at a price of 3.9 pence per Common Share. Further details of this purchase are disclosed in the table below. Following this notification, Kiran Morzaria has a beneficial […]

Cadence Minerals #KDNC – Update on Investment in the Amapá Iron Ore Project, Brazil

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to provide an update on its investment in the Amapá Iron Ore Project, Brazil. The Amapá Project The Amapá Project was owned by Anglo American plc and Cliffs Natural Resources and consists of a large-scale iron ore mine, beneficiation plant, railway and private port. Before its sale […]

India’s NMDC plans sharp increase in iron ore output – Argus Media

By Prasenjit Bhattacharya India’s state-controlled NMDC plans to lift its iron ore output significantly in the 2020-21 fiscal year starting 1 April, anticipating robust sales and higher prices on the back of a supply shortage. NMDC, India’s largest iron ore producer, is planning an output of 48mn t in 2020-21. The company produced 22mn t […]