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08 Apr 2019 | 14:59

Cadence Minerals welcomes signing of Macarthur Minerals rail haulage contract

Cadence Minerals welcomed an announcement from investee company Macarthur Minerals regarding a partnership with Australian freight haulage company Aurizon.

The haulage contract was for its Lake Giles Moonshine magnetite project in the Yilgarn region of Western Australia state.

It was signed after Macarthur signed a binding off-take areement with Glencore for the sale of iron ore to be produced from the project from the commencement of commercial production.

Cadence owns about 10% of the issued equity interest in Macarthur. At 2:59pm: (LON:KDNC) Cadence Minerals Plc share price was +0p at 0.15p

Story provided by StockMarketWire.com
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