13
Mar
11:08
Cadence Minerals’ Amapá project exceeds Fe-content estimate
UK-based Cadence Minerals' (CM) Amapá project in Brazil has iron ore with greater Fe content than expected, Kallanish learns from the miner.
The engineering team identified a flowsheet which can produce material with a 67% Fe content instead of the previously estimated 62-65% product mix.
“This will mean an improvement in margins and project economics, building upon an already strong current $949 million net value,” observes Cadence execut…
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Very good overview of the weekly steel market.
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