Cadence Minerals Plc (KDNC) Approval of Judicial Restructuring Plan Paves the way for the Restart of the Amapá Iron Ore Project

Cadence Minerals (AIM/NEX: KDNC) is pleased to announce that the judicial restructuring plan (“JRP”) submitted to the commercial court of São Paulo to recover and restart operations at the Amapá iron ore project, was approved by over 90% of the credit value at the JRP meeting held in São Paulo and Macapá, Brazil and was […]

Cadence Minerals Plc (KDNC) – Macarthur Minerals (TSX-V: MMS) Closes Fully Subscribed Private Placement.

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to note the announcement today from Macarthur Minerals (TSX-V: MMS) (“Macarthur”) that it has closed the previously announced private placement offering (the “Offering”) of US$6 million of secured Convertible Note (“Note”) on conditional acceptance. The total placement closed with subscriptions totalling 600 Notes for gross proceeds of […]

Iron Ore Is On A Hot Roll – Seeking Alpha

Summary The S&P GSCI Iron Ore has been on a tear this year, up 72.47% YTD as of June 13, 2019, breaking through the previous high from May 22, 2019. Iron ore supply is concentrated in a handful of geographic regions and controlled by a small number of players, and demand is dictated by one […]

Mining Journal – Iron ore price to incentivise swing production, says BMO

Current iron ore prices of US$100/tonne should be enough to spark activation of about 60 million tonnes of swing production to “balance the market”, according to BMO, with perhaps 40Mt of that coming from China. BMO director, equity research, metals & mining – international, Edward Sterck, said a restart of Vale’s stalled 30Mtpa Brucutu mine […]