insight into hanlong

Hi All.
A couple of days of boredom has got me reading again.
Research printed back in November 2011.Very long,but will post main parts I feel are relevant.
I had to read over parts several times to understand what and who they were talking about.It is from a Chinese site.

Headed Group Chairman Mr O'Hanlon buy mine.

In this regard,Group Chairman Mr O'Hanlon set the tone is"just to lie,not to do everything",meaning O'Hanlon need to integrate the most advantage of the various units within the industry to cooperate to develop the project,while the Chinese Dragon does not total holding position.
Until now the outside world and belongs to the Han Chinese Dragon Dragon Mining Group are poorly understood.

Once the takeover is successful,China entered the Chinese Dragon Group will not develop the world's third-largest iron ore.

About 50 years for development.Production expected to begin in 2014,an annual production of 50 million tons,ranking 5th in the world.

Chinese Dragon Mining and Sheng Danshi = Sundance,contact the company,started in March 2009.Was newly established Chinese Dragon Chinese Dragon Mining Group is established as a mining investment in Australia headquarters,positioning is a strategic investment in mineral resources.

The company's CEO,Managing Director of Xiao Hui almost outside Australia several major mining companies in almost all large companies have been in contact in the hope of BHP Billiton,Rio Tinto and FMG outside,and local cooperation,the first built in the Pilbara four railway,But in the end because of the risk of the Australian government approval to give up.

Sheng Danshi(SDL) has a 90% stake in Sheng Danshi mine in Cameroon,Gabon and Congo(Brazzaville) triangle,the area is considered to be central and western Africa,the "iron triangle",but also Brazil and Australia's Pilbara region,the world on the third-largest iron ore producing region.

As early as before the establishment of the Chinese Dragon Mining,Xiao Hui Sheng Danshi has started to pay attention,and in 2008 bought the company's stock,the Han Long Zhu Bo Shi,vice president of investment operations (Credit Suisse at the time),this company very familiar with and understood.

If you want Hanlon difference in the iron ore industry,then,Sheng Danshi(SDL)may be the best choice.But not only the Chinese Dragon Mining see the value of this mine and the acquisition of Sheng Danshi significance.

O'Hanlon ready to hand as soon as possible.
In March 2009,O'Hanlon and Sheng Danshi company contacts,progress.But by June,an accident happened.
Goes on a bit then.

Jones knows its own strength alone can not complete Mubarak (Mbalam) Sheng Danshi iron ore development projects,so the formation of a new board,almost like the world,including China's iron ore and steel enterprises in all major negotiations,such as India's Tata,Mittal,South Korea's POSCO (Pohang) Steelers), etc.(So others as well).

Hanlon did not go into the "preferred partners" list.

Taking into account the competitive disadvantage with steel,O'Hanlon decided to"curve investments" and soon learned that Ta Bote (Ken Talbot)family trust fund intends to sell the management of Sheng Danshi (SDL) hand 16.1% stake in the company.

At that time,bullish stock market,global resources,Sheng Danshi (SDL)share price from the initial0.2 Australian dollars,end of 2010 rose to 0.68 Australian dollars,which means that,28 million shares worth A $500 million up from three times,reaching nearly 17 million.Taking into account the cost of the end of 2010,O'Hanlon terminated negotiations with Ta Bote family to give up the acquisition of Sheng Danshi.
2011 March 18,Ta Bote family and the Chinese Dragon Mining signed an agreement to sell their equity holdings Sheng Danshi.The two sides did not disclose the specific amount of the transaction.Chines Dragon Mining completed within a month payment.

Become the controlling shareholder Sheng Danshi,while iron ore will be coveted Mubarak shut out foreign companies.

Inorder to get Mubarak(Mbalam) control of iron ore,mining does not require Sheng Danshi O'Hanlon's board seats and deliberately transmit information to the market,the purpose of holding only a financial investment in order to cool the market expected.

April 2011,iron ore mining rights on Mubarak negotiating to two or three,including two Chinese dragons and other Chinese steel enterprises.

Sheng Danshi cooperation with the steel model is at the project level accounting for 50% of the shares,while at the corporate level to sell 15-20% stake.But this does not achieve the purpose of mining Chinese Dragon,Chinese Dragon Group want complete control over the project,including Mubarak's iron ore Port and Rail around the right investment.Sound like they do not want to work with the MOU Partners)

Xiao Hui said that the purpose is not to win Shendan Shi Danshi itself,but rather access to Mubarak's iron ore resource integration platform surrounding the project.Chinese companies control only through the transport and infrastructure,will not be controlled by others,in order for the local Chinese companies in 100 million~200 million tons annual output of iron ore to provide the conditions(at present,China imports about 650 million tons of iron ore in,100 million to 200 million tons annual production capacity equivalent to all of China's total imports 30%.

Only privatization of this company,by Chinese companies to complete the infrastructure construction and project development,and then return to Hong Kong or the domestic market,is the best way out.'The real Chinese culture a world-class iron ore business,this is our way of thinking Xiao Hui said.

Chinese Dragon Mining has hired Merrill Lynch and Deutsche Bank as financial advisers on a daily basis Sheng Danshi stock analysis.Soon discovered that between May and June,several large foreign companies have begun to Sundance in the secondary market to buy stock,is likely to issue tender offer.Chinese Dragon Mining Company as soon as possible into substantive negotiations with Sheng Danshi.

Taking into account the factors the government level,Chinese Dragon Mining with Cameroon,Congo (Brazzaville) Government to exchange views,respectively,and the Chinese consulate in the two countries,commercial counselor for the exchange.

July 13,Sheng Danshi company's chairman,managing director,general manager of business visit to Chengdu O'Hanlon Group headquarters,they may accept the proposes three options.

The first program is the only bilateral cooperation at the project level,each having Mubarak iron ore 50% of the shares.The second solution is to get Sheng Danshi operations management,infrastructure controlled by them.(and the company's cooperation with domestic steel prices mode).At the same time to do a more than 51% of the company issuing,O'Hanlon received a relatively high premium,but to provide nearly $4.7 billion in total project financing.The final program is a comprehensive offer,acquired 100% of Sheng Danshi O'Hanlong,the city back its privatization.

A $1.5 billion for the acquisition of the first phase of investment in capital and $4.7 billion will be completed through self-financing and loans.In Addition,the Group has with the National Development Bank,China Export-Import Bank entered into a strategic partnership.CDB has been Sheng Danshi's equity investment in the first provided a $200 million "in-warranty credit" in the form of loans.

Chinese Dragon Mining only concern is how to perhaps the identity of private enterprise,to obtain the support of relevent government departments,and in the future to attract more partners to complete the region's total approximately $20 Billion (aboutRMB 129 Billion) of investment.

I am having a break before starting the next part of another title about Hanlong and the takeover offer for Sundance Resources.

Read it carefully to get the story right.

Regards
Westcott.