deal shaky, page-3

Strange headline to article.... acticle doesn't tell us anything new.

"IT'S looking increasingly likely that the privately owned Hanlong Mining will have to partner with a Chinese state-owned enterprise if it is to obtain final approval for its protracted takeover of iron ore hopeful Sundance Resources.

Sundance owns the Mbalam iron ore project, which straddles the Cameroon-Republic of Congo border in central West Africa. Mbalam is part of an emerging iron ore province and the $US4.7 billion ($4.5bn) project aims to develop a major mining operation, producing 35 million tonnes of direct shipping ore initially, with the potential to go to 50 million tonnes a year."

BOLA

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