Sichuan Hanlong (Group) Co., Ltd. was founded in 1997, and has grown into a company involved in hydroelectric construction and build-operate-transfer highway infrastructure projects. In 2012, it made an offer for Sundance Resources Ltd, a Perth-based iron ore miner, but subsequently reduced its offer after falls in the price of iron ore.
Liu Han, the former chairman of Sichuan Hanlong, was accused of being the ringleader of 35 suspects charged yesterday in Xianning, Hubei, with participating in various criminal activities, Xinhua reported.Friday, 21 February, 2014, 5:42pm
Australia’s Sundance Resources will conclude discussions with potential partners on its US$4.7 billion (HK$36.5 billion) Africa iron ore project by June and announce a chosen partner three months later, the firm’s chief operations officer told Reuters.31 May 2013 - 12:48pm
Police disclosed on Friday that a Chinese tycoon whose disappearance threatened to disrupt deals with mining companies in the United States and Australia is being held on suspicion he helped hide a brother who is a murder suspect.23 Mar 2013 - 10:14am
Chinese state media say a Chinese company is finalising the acquisition of an Australian mining firm that controls a major iron ore mine in west Africa, a move that would give China a stronger role in setting global iron ore prices.29 Dec 2012 - 1:45pm
Australian miner Sundance Resources on Monday said it has accepted a lower takeover offer worth A$1.37 billion (US$1.42 billion) from China’s Hanlong Group, a move that could potentially conclude a deal that has dragged on for a year.
The two firms agreed to a price of 45 US cents a share compared with 57 US cents earlier as iron ore prices hover near a three-year low.27 Aug 2012 - 10:17am