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...
- Thu
- Oct 3, 2013
- Updated: 4:35pm
Sundance Resources
Sundance Resources Ltd is a Perth-based iron ore miner whopse main asset is the Mbalam Iron Ore Project in central west Africa. In June 2010 all the company's directors and some other officers were killed in an air crash in the Republic of Congo. In 2012, Sundance said it was being acquired by China’s Hanlong Group, but the deal has been delayed, apparently because China Development Bank was reluctant to lend Hanlong the money for the purchase because iron ore prices had fallen sharply.
26 Mar 2013
The missing chairman of Sichuan Hanlong Group may be under investigation for harbouring his brother, a murder suspect, jeopardising the Chinese firm's agreement to buy Australia's Sundance...
3:18AM
30 Dec 2012
A privately owned Chinese company is finalising the acquisition of an Australian firm that controls a major iron ore mine in west Africa, a move that would give China a stronger role in setting...
5:24AM
28 Dec 2012
Sichuan Hanlong Group, an investor in highways and power projects, is in talks with Chinese state-owned companies to develop an iron ore project in Africa owned by Australia's Sundance Resources...
4:14AM
27 Aug 2012
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...
10:17AM
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23 Sep 2013
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