RE: RNS30 Jun 2021 08:11
From The Chairman's Statement
The pandemic has provided new perspectives on developing our portfolio, none more so than at our key pending investment - the Amapa Iron Ore ("Amapa Project") project in Brazil. The main priority for the Board has been following the processes and protocols outlined in the Judicial Review Procedure, which have been meticulously and publicly disclosed at every step of the journey. Our management team have maintained a patient and persistent approach, following what was always expected to be a protracted route to bring the mine and community back to life. Today, supported by a 21% increase in total mineral resources compared to the equivalent MRE published by Anglo American 2012 and with the global supply of iron ore still falling short of predicted global demand, the Amapa opportunity looks better than ever.