RE: RNS29 Mar 2021 09:18
Cadence Chairman Andrew Suckling commented; "I would once again like to put on record my sincere thanks and gratitude for the tireless efforts by Cadence management, IndoSino and DEV and advisors to bring the project to fruition. This inaugural iron ore shipment brings Amapá back to life, and in time we expect the mine and infrastructure to play a key role in helping to regenerate the regional economy, with all the employment, health and educational benefits that will bring to this part of Brazil."
"Despite the severe disruption created by COVID-19, management has remained focused on delivering the Amapa project as planned, all the while supported by a robust iron ore market that continues to justify the opportunity. Throughout, our primary concern has been to ensure the safety and wellbeing of all our staff, and we continue to maximise our efforts to ensure that employees, shareholders, contractors and their families continue to remain safe and secure through these challenging times."
Cadence CEO Kiran Morzaria commented: "The first iron ore shipment from Amapa since 2015 and the resultant earnings represent a milestone of huge significance, both for our board and team who have worked so hard to bring the project back to life and for the potential opportunities and benefits it will bring to the wider Amapa community."