Sealing the Shandong deal took African Minerals many months longer than expected as a result of protracted due diligence, although Shandong's investment not only confirms the financial viability of Tonkolili but (along with the offer for Sundance) de-risks other African mining projects, most notably Bellzone Mining's Kalia iron ore project.
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SDL Price at posting:
45.0¢ Sentiment: Buy Disclosure: Held