Cadence Minerals #KDNC – Amapá Operational Update
Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to announce that DEV Mineraço S.A (“DEV”), owner of the Amapá iron ore project (Amapá Project) continues to hit its operation targets, with the movement of the stockpile to the public port scheduled commence this month and shipping to occur in early Q3 2020. The shipment of […]
Cadence Minerals #KDNC – Amapá Operational Update, Placing to Raise £650,000
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UK Investor Magazine – Cadence Minerals #KDNC – Transformation Cycle
AIM listed Cadence Minerals (AIM: KDNC) continues to make substantial progress with the former Anglo American Iron Ore mine, railway and port at Amapá in Brazil. Since September 2018, the board has conducted an exhaustive, ongoing round of due diligence and legal processes to bring the mine out of administration, into a recommissioning programme and ultimately back to production. […]
Cadence Minerals #KDNC – Amapá Operational Update, Placing to Raise £525,000 and Loan Note Restructuring
Cadence Minerals – Amapá Operational Update, Placing to Raise £525,000 and Loan Note Restructuring. Highlights Shipping of first iron ore is on target for late Q2 2020 / early Q3 2020 Shipment is planned via 45,000-tonne bulk carriers at a rate of 2 -3 every two months Independent surveys of these iron ore stockpiles indicate […]
Cadence Minerals chief provides upbeat assessment of Brazil iron ore project as green light is given for stockpile exports – Proactive Investors
by Ian Lyall. Speaking to Proactive’s Andrew Scott earlier, Kiran Morzaria said the former Anglo American and Cliffs Natural Resources mine, which is in the north of the country, had been “substantially de-risked” Cadence Minerals PLC (LON:CNC) chief executive, Kiran Morzaria, provided an upbeat assessment of the potential of the Amapá iron ore project in […]
UK Investor Magazine – Cadence Minerals’ shares spike as “once in a lifetime” iron ore project receives approval
Since evolving from Rare Earth Minerals in early 2017, AIM listed Cadence Minerals (LON:KDNC) has offered investors a proposition largely based on investments into selected lithium and base metal projects around the globe. Taking cornerstone stakes in projects such as the Cinovec Lithium and Tin Project in the Czech republic and Macarthur Minerals’ Lake Giles Iron Project in Western […]
Cadence Minerals #KDNC – Amapá Iron Ore Project Given Court Approval to Commence Iron Ore Shipments
Highlights In a significant development in Cadence’s Brazil’s iron ore interests: Brazil’s Commercial Court of São Paulo has ruled that DEV Mineração S.A., owner of the Amapá iron ore project (“DEV”) can commence the shipment of the iron ore stockpiles situated at DEV’s wholly-owned port in Santana, Amapá, Brazil. Independent surveys of these iron ore […]
Fortescue registers record iron ore shipments – Cadence Minerals
Fortescue Metals Group has achieved a record shipment of iron ore in the December 2019 quarter with 46.4 million tonnes. This led to record shipments for the first half of the 2020 financial year with 88.6 million tonnes. Fortescue chief executive Elizabeth Gaines expects shipments at the end of the financial year to be at […]
Cadence Minerals #KDNC – Binding Investment to Acquire Interest in former Anglo American Iron Ore Mine, Amapá, NE Brazil
Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to announce that further to its announcement on the 21 May 2019 it has entered into a binding investment agreement (“the Agreement”) with Indo Sino Pte. Ltd. (“Indo Sino”) to invest in and acquire up to a 27% interest in the former Anglo American plc (“Anglo American”) […]
Cadence Minerals #KDNC announces Heads of Terms to Acquire Interest in former Anglo American Iron Ore Mine, Amapá, NE Brazil
Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to announce that it has entered into a non-binding Heads of Terms (“HOT”) with IndoSino Pte Ltd. (“IndoSino”) to invest in and acquire up to a 27% interest in the former Anglo American plc (“Anglo American”) and Cliffs Natural Resources (“Cliffs”) Amapá iron ore mine, beneficiation plant, […]