UK-based mining company Cadence Minerals has provided a progress update for its Amapá Iron Ore Project in Brazil.
The company stated that it expects to get all licenses in 2024 to recommence production at the mine. The expected licensing timeline for the Amapá Project has been shortened to 12 to 16 months compared to a typical timeline of up to 36 months.
The Amapá Project had an annual six million mt of iron ore mining, processing, transporting and shipping capacity when it was operating and held all the necessary permissions. However, many of these licenses lapsed after it ceased operations in 2014.