Cadence Advances Amapá Iron Ore Project in Brazil with 35.7% Stake
Cadence has acquired a 35.7% stake in the Amapá iron ore project in Brazil, which has completed a Preliminary Feasibility Study and obtained a preliminary environmental license. The project aims to produce premium direct reduction grade pellet feed concentrate for the green iron market, and Cadence plans to restart the small-scale Azteca plant to generate cash flows for further development.
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Cadence is advancing the Amapá iron ore project in Brazil, where it has acquired a 35.7% interest. The project has completed a Preliminary Feasibility Study (PFS) and received a preliminary environmental license.
It aims to produce a premium direct reduction (DR) grade pellet feed concentrate for the growing green iron market. Cadence has shifted to a staged development strategy and plans to restart the small-scale Azteca plant to generate cash flows for further development of Amapá.
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