https://www.scmp.com/rss/266517/feed 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. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com A Sichuan mining tycoon has been charged with running a mafia-style gang involved in murder and extortion, a case that appears connected to the wider corruption probe into associates of retired security tsar Zhou Yongkang. 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. The state news agency described the case as the largest prosecution of... https://www.scmp.com/news/china/article/1431982/china-accuses-mining-tycoon-murder-major-gang-bust?utm_source=rss_feed https://www.scmp.com/news/china/article/1431982/china-accuses-mining-tycoon-murder-major-gang-bust?utm_source=rss_feed Thu, 20 Feb 2014 09:13:55 +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 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. A newspaper reported this week that Liu Han, chairman of Sichuan Hanlong Group, was detained in mid-March by police in Beijing but a two-sentence statement Friday by the police ministry was the first official word about him. Liu is under investigation on charges of... https://www.scmp.com/news/china/article/1197871/chinese-police-say-missing-tycoon-helped-fugitive?utm_source=rss_feed https://www.scmp.com/news/china/article/1197871/chinese-police-say-missing-tycoon-helped-fugitive?utm_source=rss_feed Sat, 23 Mar 2013 01:48:37 +0000 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. The official Xinhua News Agency, citing officials from Hanlong Group, says Hanlong will complete the acquisition of Sundance Resources Ltd. for 45 Australian cents (50 cents) per share by March 1. Sundance controls the Mbalam iron ore mine, which straddles Cameroon... https://www.scmp.com/business/article/1115150/china-firm-acquire-major-african-iron-ore-mine?utm_source=rss_feed https://www.scmp.com/business/article/1115150/china-firm-acquire-major-african-iron-ore-mine?utm_source=rss_feed Sat, 29 Dec 2012 05:45:16 +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