Cadence Minerals #KDNC – Bank Credit Committee Approval for Amapa Project Settlement Agreement

  Cadence Minerals (AIM/AQX: KDNC; OTC: KDNCY) is pleased to announce that it has received confirmation from the secured bank creditors that they have obtained approval from their credit committees with respect to the proposed terms of the settlement agreement (“Approval”). Highlights: Bank credit committee approval for secured bank creditors assits in paving the way […]

Cadence Minerals #KDNC – Positive Operational Progress at the Amapa Iron Ore Project

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to announce that DEV Mineração S.A (“DEV”) has already delivered positive operational progress in the redevelopment of the Amapa Iron Ore Project (“Amapa”). Highlights: Pre Feasibility Studies (“PFS”) have commenced on the rehabilitation of; The beneficiation and processing plant; The railway and associated infrastructure between Pedra Branca […]

Cadence Minerals #KDNC – Approval of the Shipment of a further net US$10 million of Iron Ore from the Amapa Project.

Cadence Minerals AIM/NEX: KDNC; OTC: KDNCY) is pleased to announce that DEV Mineração S.A (“DEV”) has been permitted to export a further US$10 million (after the deductions of all logistical, regulatory, shipping and sale costs) of iron ore from its stockpiles situated at its port in Santana, Amapa, Brazil (“Second Permission”).  This authority is in […]

Cadence Minerals #KDNC – Second Iron Ore Shipment & Operational Update from the Amapa Project

  Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to provide an operational update on the Amapa, Iron Ore Project, Brazil (“Amapa Project”). Highlights: Shipping continues at pace – DEV Mineração S.A. (“DEV”) has shipped and sold the second batch of iron ore from the stockpiles. The loading of the 48,670 wet tonnes of iron […]

Cadence Minerals #KDNC – First Amapa Iron Ore Shipment Completed and En Route

Further to the announcement made on the 29 March, Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to announce that DEV Mineração S.A’s (“DEV”) has completed the sale and shipment of the first Iron Ore from the Amapa Iron Ore Project since 2015. Loading of the ship was completed on the 30 March and she […]

Cadence Minerals #KDNC – Inaugural Shipment of Iron Ore from the Amapa Iron Ore Project, Brazil

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to announce that DEV Mineração S.A’s (“DEV”) has commenced the shipment of the iron ore stockpiles from Santana, Amapa, Brazil. This shipment was approved via a court petition (details of which can be found here) and represents the first shipment of Iron Ore from this asset since […]

Cadence Minerals and the next Commodity Supercycle

There is little doubt that historians will conclude that the global impact of COVID-19 represents the worst crisis since the Great Depression. The pandemic is leaving deep and enduring scars on the global economy, taxing health and medical services to the limit, depriving children of education, while decimating sectors of commerce and industry and in […]

Cadence Minerals #KDNC – Update on the Amapa Iron Ore Stockpile Shipment

  Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to provide an update on its investment in the Amapa Iron Ore Project (“Amapa Project”), Brazil. Further to Cadence’s announcement on the 10 February 2021, we can confirm that the court ruling has been published and therefore it is now effective. DEV Mineração S.A’s (“DEV”) can […]

Cadence Minerals #KDNC – Update on Amapa Iron Ore Project Creditor Agreement & Court Petition to Commence Iron Ore Shipments

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to provide an update on its investment in the Amapa Iron Ore Project (“Amapa Project”), Brazil.  Settlement of Bank Creditors In early September 2020, we announced that DEV Mineração S.A’s (“DEV”), Cadence and Indo Sino Pty Ltd (“the Investors”) agreed in principle to the settlement terms proposed […]