We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Sundance Resources Limited | ASX:SDL | Australian Stock Exchange | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.00 | - |
From Jan 2020 to Jan 2025
SYDNEY--Sundance Resources (SDL.AU) has held talks with parties including Glencore International PLC (GLEN.LN) about the sale of a stake in its flagship Mbalam iron ore project, a person familiar with the matter said Tuesday.
The talks are taking place amid worries that China's Hanlong Mining may fail to complete its 1.38 billion Australian dollar (US$1.4 billion) takeover of Sundance, which is being advised by UBS AG. It wouldn't require parties to acquire any equity in Australia-listed Sundance, the person said.
A credit approved term sheet from Hanlong's financiers, China Development Bank and China Everbright Bank Co, is due March 26. The person said it isn't clear whether Hanlong would meet this deadline.
Sundance said in February the iron ore project, which straddles the border of the Republic of Cameroon and the Republic of Congo, will cost around A$5 billion to build. The project is targeting annual production of 35 million metric tons of iron ore, used to make steel.
-Write to Gillian Tan at gillian.tan@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year Sundance Resources Chart |
1 Month Sundance Resources Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
