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10,370 Posts.
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16/02/17
20:10
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Do you know where is Matt747?
Are you suggesting that Chinese government bank actually owns around 20 per cent of SDL via Hanlong?
If this is correct, it is great news since Chinese state-owned bank was the source of financing for the port and rail project https://www.businessnews.com.au/article/Cameroon-seeks-Chinese-help-at-Sundance-project. I am not mistaken, Chinese state-owned bank delayed the financing due to the fall of iron price to only $40.
Presently, the iron price is sitting around $90. This suggests that the financing for the port and rail may be resurrected again.
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