https://www.scmp.com/rss/266516/feed 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. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Jevans Nyabiage Jevans Nyabiage In the heart of Algeria’s Sahara Desert, Chinese state-owned giant China Railway Construction Corporation (CRCC) has completed laying track on the PK330 Bridge, a final and critical link in a new railway designed to unlock the nation’s mineral wealth. The 6km (3.7-mile) bridge is part of the 950km railway linking the Gara Djebilet iron ore deposit in southwestern Tindouf province to the industrial hub of Bechar in the northeast. It was the “most technically demanding railway engineering feat... https://www.scmp.com/news/china/diplomacy/article/3337896/how-algeria-could-help-china-plug-iron-ore-gaps-and-gain-pricing-power?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3337896/how-algeria-could-help-china-plug-iron-ore-gaps-and-gain-pricing-power?utm_source=rss_feed Sun, 28 Dec 2025 08:00:13 +0000 Australia is seeking to prosecute a former executive of private Chinese firm Hanlong Mining Investment on insider trading charges after he was arrested in Hong Kong, the country’s corporate watchdog said on Tuesday. The Australian Securities and Investments Commission said Hui Xiao, also known as Steven Xiao, was detained by Hong Kong authorities on Sunday, following a request by the Australian government, which now has 45 days to apply for extradition. Xiao is wanted in Australia in relation to... https://www.scmp.com/business/commodities/article/1405385/former-executive-chinese-firm-hanlong-mining-wanted-australia?utm_source=rss_feed https://www.scmp.com/business/commodities/article/1405385/former-executive-chinese-firm-hanlong-mining-wanted-australia?utm_source=rss_feed Tue, 14 Jan 2014 07:30:39 +0000 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. Sundance’s Mbalam-Nabeba project, straddling Cameroon and the Republic of Congo in the central Africa region was thrown in doubt after the collapse of a US$1.4 billion (HK$10.9 billion) takeover by China’s Hanlong Group in April this... https://www.scmp.com/business/companies/article/1250415/sundance-conclude-iron-ore-partnership-talks-june?utm_source=rss_feed https://www.scmp.com/business/companies/article/1250415/sundance-conclude-iron-ore-partnership-talks-june?utm_source=rss_feed Fri, 31 May 2013 04:48:38 +0000 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 Resources. A man named Liu Han was being investigated for sheltering his brother, who was arrested for murder, Xinhua reported last week, without identifying him as the Hanlong chairman or giving further details. Attempts by Sundance to contact Hanlong's chairman have failed since at least Friday, as have... https://www.scmp.com/business/companies/article/1199699/hanlong-mystery-upsets-takeover?utm_source=rss_feed https://www.scmp.com/business/companies/article/1199699/hanlong-mystery-upsets-takeover?utm_source=rss_feed Mon, 25 Mar 2013 16:00:00 +0000 Private Hanlong Group to buy Australian miner 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 global iron ore prices, Xinhua said yesterday. Xinhua, citing the Chinese firm's officials, said Hanlong Group planned to complete the acquisition of Sundance Resources for 45 Australian cents per share by March 1, after submitting paperwork to the Australian... https://www.scmp.com/news/china/article/1115499/briefs-december-30-2012?utm_source=rss_feed https://www.scmp.com/news/china/article/1115499/briefs-december-30-2012?utm_source=rss_feed Sat, 29 Dec 2012 16:00:00 +0000 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. Hanlong, which plans to buy the stake it does not own in Sundance for A$1.14 billion (HK$9.16 billion) is considering partnerships with state-owned enterprises on a request from government agencies, it said yesterday. Hanlong plans to complete the purchase of Sundance by March 1, it said. Beijing is... https://www.scmp.com/business/commodities/article/1113883/hanlong-courts-soes-african-iron-ore-deal?utm_source=rss_feed https://www.scmp.com/business/commodities/article/1113883/hanlong-courts-soes-african-iron-ore-deal?utm_source=rss_feed Thu, 27 Dec 2012 16:00:00 +0000 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. Mining deals have cooled as demand from China falls, prompting global miners to cut jobs and put expansion plans on hold as they... https://www.scmp.com/business/companies/article/1023099/sundance-resources-agrees-lower-offer-hanlong-group-after-year?utm_source=rss_feed https://www.scmp.com/business/companies/article/1023099/sundance-resources-agrees-lower-offer-hanlong-group-after-year?utm_source=rss_feed Mon, 27 Aug 2012 02:17:23 +0000