Cadence Minerals (LSE:KDNC) has reported a major step forward at its Amapá Iron Ore Project in Brazil after reaching a court-approved settlement with the Municipality of Pedra Branca do Amapari, resolving a number of long-standing municipal legacy matters.
The agreement removes historical administrative constraints that had affected the project, including restrictions on ore transportation, and establishes a more certain regulatory framework for future operations. Management said the outcome significantly improves the operating environment and reduces project-level risk.
Cadence continues to progress its phased redevelopment plan for Amapá, with an emphasis on careful risk management and building sustainable long-term value. Recent technical work and funding arrangements are supporting the next stages of advancement as the company moves the project closer to redevelopment.
More about Cadence Minerals
Cadence Minerals is a mining company focused on the development and management of mineral resources. Its activities centre on iron ore projects, most notably the Amapá Iron Ore Project in Brazil, where the company is working to restart and optimise production under an improved regulatory and operational framework.
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