https://www.engineeringnews.co.za

DEV Mineração restarts iron-ore shipments from Amapa

8th April 2022

By: Creamer Media Reporter

     

Font size: - +

Mineral resources investment and development company Cadence Minerals reports that DEV Mineração has restarted the sale and shipment of its iron-ore stockpiles from the Amapa project, in Brazil.

This shipment represents the first export of iron-ore since Cadence vested its equity interest (27%) in the Amapa project earlier this year.

"We expect this shipment will complete this month, and under the current economic environment, DEV intends to continue with the shipment and sale of its 58% iron-ore stockpile. There is currently about 1.25-million tonnes of DEV stockpile at its port in Santana," Cadence notes.

Cadence owns 27% of the Amapa project, with joint venture (JV) partner Indo Sino owning the balance.

The ownership of Amapa is held through a JV company, Pedra Branca Alliance, which owns 100% of the equity of DEV Mineração.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Vikela Aluvin (Pty) Ltd
Vikela Aluvin (Pty) Ltd

Complete range of security sealing solutions including security seals bags and labels.

VISIT SHOWROOM 
CSIR International Convention Centre (CSIR ICC)
CSIR International Convention Centre (CSIR ICC)

CSIR International Convention Centre (CSIR ICC) - the leading conference and events venue in Pretoria/Tshwane.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.055 1.435s - 140pq - 2rq
Subscribe Now