Australian miner Sundance Resources has announced that it is back in talks with investors regarding the development of its Mbalam-Nabeba iron ore project in Cameroon, following the decision to end takeover discussions with China-based Hanlong Mining in April.
Sundance Resources stated that the companies showing interest in the project come from a range of countries and have widely diversified interests in areas such as resource projects, infrastructure provision and steelmaking.
As SteelOrbis previously reported, in April this year Sundance Resources terminated the takeover agreement with Hanlong Mining, a subsidiary of Sichuang Province-based Chinese industrial conglomerate Sichuan Hanlong (Group) Co., under which Hanlong was to have acquired 100 percent of Sundance, because the funding condition was not met and after being informed by Hanlong that it was unlikely to meet the other required conditions.