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 […]
Iron ore hits new five-year high – Kallanish
June 12th via Kallanish Seaborne iron ore prices broke another new high on Wednesday as they extended Tuesday’s surge a little further. Supply concerns have continued to spread and iron ore has now increased by $6.69/tonne in three days. The Kallanish KORE 62% Fe index gained another $1.25/t to $104.94/dry metric ton cfr Qingdao, the highest level since […]
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 […]
Cadence Minerals #KDNC – CEO Kiran Morzaria discusses the acquisition of the Amapá iron ore mine with BRR Media
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”) […]
The Age: Even if it all turns sour, 2019 is already a vintage year for iron ore
The Age 30th May 2019 On Tuesday the market watched in awe as the iron ore price was elevated to eye watering levels of $US108. By Wednesday, fresh speculation over marginal additions to supply caused the Chinese iron ore futures to wobble – the price dropped 2.3 per cent. When a commodity has soared to a five-year […]
Business Insider: Iron ore futures hit record highs as Chinese inventories slide again
By Business Insider Chinese iron ore futures have surged to fresh record highs on Monday. Prices for major iron ore grades closed at or near multi-year highs on Friday. The Commonwealth Bank now expects prices will stay higher for longer than it previously forecast, describing the recent decline in Chinese iron ore port inventories as […]
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, […]
Cadence Minerals #KDNC – Macarthur Minerals (TSX-V: MMS) Announces US$6m Financing to Complete Moonshine Magnetite and Ularring Hematite Iron Ore Bankable Feasibility Study.
Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to note that Macarthur Minerals (TSX-V: MMS) (“Macarthur”) has announced the issuance of a private placement offering (the “Offering”) of up to US$6 million of secured Convertible Note (“Note”). The proceeds from the offering will be used to complete a Bankable Feasibility Study (“BFS”) on Macarthur’s Moonshine […]