Sundance advances Nabeba project financing

Australian miner Sundance Resources has announced that it has signed the Nabeba mining convention with the Republic of Congo, marking another key step for towards securing finance for the Mbalam-Nabeba project.
 
The signing of the convention outlines the fiscal and legal terms and the conditions to be satisfied for the development and management of the Nabeba iron ore project. According to the convention, the 25-year operating license is effective from February 2013 and renewable for successive terms of up to 15 years, depending on remaining reserves.