Cadence Minerals plc’s partner and operator DEV Mineração S.A. has received an installation licence (LI) for the Amapá iron ore project, including the restart of the Azteca plant, in northeast Brazil. PRODUCTION The LI covers approved works of refurbishment and replacement of existing operational structures, construction of new processing components – including magnetic separation, ball […]
Tag: Amapá iron ore – northeast Brazil
Cadence issues 12m new shares
Cadence Minerals plc has issued 12 million new ordinary shares to the Rare Earth Minerals Employee Benefit Trust, at a price of one pence per new ordinary share. TVRs The move follows a subscription by the trustee of the EBT, JTC Employer Solutions Trustee Ltd, for £120,000. Following admission of the EBT shares, the EBT […]
Cadence completes Azteca plant studies
Cadence Minerals plc has completed the detailed mechanical and electrical engineering studies for the Azteca plant at the Amapá iron ore project in northeast Brazil. COMMISSIONING The company has also requested “critical refurbishment items” and is due to begin early works this month. The comany said that the licensing processing continued, including IPHAN* – covering […]
Cadence granted preliminary environmental licence for Amapá
Cadence Minerals plc has been granted a preliminary environmental licence (licença prévia) for the whole development of the Amapá iron ore mine, in northeast Brazil. INSTALLATION The LP covers open-pit mining, mineral processing, waste rock handling and tailings storage infrastructure. The company said that the LP also confirmed the environmental feasibility, location and design of […]
Cadence signs $4.6m prepayment off-take for Amapá
Cadence Minerals plc and its joint venture partners have executed a binding US$4.6 million prepayment off-take agreement, relating to the Amapá iron ore project, in northern Brazil. CASHFLOW The company, together with Pedra Branca Alliance Pte Ltd and DEV Mineração S.A., will receive the funds from its chosen off-take partner. Repayment will be through per tonne of iron ore […]
Cadence raises £750,000 for Amapá
Cadence Minerals plc has raised a total £750,000 via an 18% discounted placing and a directors’ subscription for the Amapá iron ore project in northeast Brazil. AMAPA The company raised £625,000 before expenses by placing 25 million new ordinary shares, at 2.5 pence per ordinary share. Non-executive chairman Andrew Suckling, chief executive Kiran Morzaria, and […]