Ann: Sundace Further Expands Drilling Capacity , page-13

re: Ann: Sundace Further Expands Drilling Cap... WPA

Link and extract of article below. I am interpreting 'tax wrangles' as the Government wants more dough and not less.

Macca

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http://www.reuters.com/article/companyNews/idUKGEE5AN1HW20091124
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Nov 24 (Reuters) - Australia's Sundance Resources (SDL.AX) has restarted drilling at its Mbalam iron ore project in Cameroon and estimates reserves of around 2.5 billion tonnes.

IRON ORE

- Australia's Sundance Resources (SDL.AX) has an exploration permit for the Mbalam deposits. Sundance was scheduled to begin exporting iron ore from its $2.46 billion project by 2011 but the firm is involved in tax wrangles with the government and announced in November that production would be delayed to 2013 due to the global slowdown. Reserves are estimated at roughly 2.5 billion tonnes, including 2.325 billion tonnes of itabirite hematite and 215 million tonnes of high grade hematite.

Once operational, Sundance hopes to produce some 35 million tonnes of ore per year, bringing in $5 billion in royalties, taxes, and dividends during the 25-year life of the mine.