Business
First Amapa Iron Ore Shipment Completed & En Route
First Amapa Iron Ore Shipment Completed & En Route.
About this update from Cadence Minerals Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3059U\n Cadence Minerals PLC\n 01 April 2021\n \n \n \n \n Cadence Minerals Plc\n \n \n (\"Cadence Minerals\", \"Cadence\" or \"the Company\")\n \n \n \n \n \n First Amapa Iron Ore Shipment Completed and En Route\n \n \n \n \n \n Further to the announcement made on the 29 March, Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to announce that DEV Mineraço S.A's (\"DEV\") has completed the sale and shipment of the first Iron Ore from the Amapa Iron Ore Project since 2015.\n \n \n \n \n \n Loading of the ship was completed on the 30 March and she left the port of Santana yesterday, en route to the buyer. Operations continue at DEV to prepare for the next shipment.\n \n \n \n \n \n Other Updates\n \n \n Cadence is also pleased to announce that it has made the final repayment due under the convertible loans announced in 2019. There are no further convertible loan notes outstanding.\n \n \n \n \n \n Webinar \n \n \n Cadence will be presenting an investor webinar hosted by Vox Markets.The webinar will take place on 7th April 2021 at 5.30pm. Please register your interest and submit questions at: \n \n https://voxmarkets.brand.live/c/vox-markets-webinar-wednesday-april-7th\n \n \n \n \n \n \n Cadence CEO Kiran Morzaria commented, \n \"We are delighted to announce that the first Amapa iron ore shipment has completed and is now en route.\"\n \n \n \n \n \n \"On behalf of the Cadence board, I would like to put on record our gratitude and appreciation of the tireless efforts of all of those involved in getting this shipment completed in an safe and efficient manner and ahead of schedule. This landmark first shipment from Amapa would not have been possible without the support of the local authorities and the state agencies who have not only assisted us in completing our first shipment but have also made a material difference in our efforts to create ne employment and economic activity in the region.\"\n \n \n \n \n \n \"I look forward to updating you further in the upcoming webinar after Easter.\"\n \n \n \n \n \n Cadence Interest In the Amapa Iron Project\n \n \n In early September 2020, we announced that DEV Mineraço S.A's (\"DEV\"), Cadence and Indo Sino Pty Ltd (\"the Investors\") agreed in principle to the settlement terms proposed b...