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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 […]

Cadence Minerals #KDNC – Macarthur Minerals (TSX-V: MMS) announces encouraging initial drill results at the Pilbara Hillside Project.

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to note today’s update from Macarthur Minerals (TSX-V: MMS) (“Macarthur”), that it’s Joint Venture Partner, Fe Limited (“FEL”) has received encouraging results from its first phase preliminary drilling at the Hillside Project in Western Australia targeting underground extensions to the periodically outcropping mineralised gossan identified during previous […]

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 […]

FT – Iron ore outlook rests on Vale’s tricky rebound

Iron ore outlook rests on Vale’s tricky rebound by Neil Hume, Natural Resources Editor. Jan 16th 2020 Shareholders are revelling in bumper payouts, but prices could fade down the track. Shareholders in Rio Tinto are likely to be celebrating another bumper payout when the miner reports annual results next month. The Anglo-Australian group — along […]