Sundance to conclude iron ore partnership talks by June

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 year.

via Business feed http://www.scmp.com/business/companies/article/1250415/sundance-conclude-iron-ore-partnership-talks-june