Cadence Minerals begins shipping from Brazilian iron ore project

Cadence Minerals has started the shipment of iron ore from stockpiles at its joint venture Dev Mineração’s, in Brazil’s northern Amapá state, the company said on Monday March 29.The shipment, which is the first since the site was closed in 2015, is for 45,000 tonnes of iron ore that due to sail this week.

Fastmarkets’ index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao was calculated at $198 per tonne on March 29.

Cadence Minerals plc (LON:KDNC) provides mining services. The Company focuses on finding lithium and other technology minerals in new places, as well as offers extracting services.

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