China’s Hanlong Raises Bid For Australia’s Sundance
Reuters reported China's Hanlong Mining has agreed to raise its offer price to $1.5 million for Sundance Resources to secure an agreed takeover.
Reuters reported China's Hanlong Mining has agreed to raise its offer price to $1.5 million for Sundance Resources to secure an agreed takeover.
Mining Weekly reports iron-ore hopeful Sundance Resources (ASX:SDL) refuted claims that its investment partner Hanlong Mining was looking to gain control of the company.
Sundance Resources announced upgradation of a substantial portion of its mineral resource at the Mbalam iron-ore project, in Cameroon, from inferred to indicated. Sundance MD Don Lewis stated: This upgrade represents another important milestone for the Mbalam project, highlighting the size and quality of the iron-ore resource supporting our proposed development of a world-scale, long-life [...]
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