Cadence Minerals (LSE:KDNC) has reported a major step forward at its Amapá Iron Ore Project in Brazil, achieving a 36.7% reduction in mining costs and a 19.2% cut in FOB costs. These efficiencies are projected to generate savings of roughly US$33.3 million per year and as much as US$500 million across the life of the mine. The improvements place Amapá among the world’s lowest-cost iron ore operations.
The project is targeting the production of premium DR-grade iron ore, a higher-value product expected to command stronger pricing in global markets. This development not only enhances Amapá’s competitiveness but also helps lower overall project risk as it advances toward full-scale development.
About Cadence Minerals
Cadence Minerals is engaged in the mining and resources sector, with a primary focus on iron ore. The company holds a 35.1% stake in the Amapá Iron Ore Project in northern Brazil. A fully integrated operation, Amapá includes existing mine, rail, port, and beneficiation facilities, positioning it to deliver premium DR-grade iron ore to the international market.
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