mbalam project mou with china rail

MBALAM PROJECT MOU WITH CHINA RAIL V AFRICA

CRCC China-Africa Construction Limited (CAC) and Sundance Resources Ltd (Sundance) are pleased to announce that they have entered into a Memorandum of Understanding (MOU) to establish the scope, cost and delivery programme for the railway track and rolling stock needed to support Sundances Mbalam Project in Cameroon and Congo, West Africa.
The MOU was signed for CAC by its Chairman, Mr Chen Xiaoxing and for Sundance by Board Chairman, Mr George Jones.
The MOU commits the Parties to work together to establish:
Scope, cost and programme for delivery of track and rolling stock sufficient to support planned output of 35m.t.p.a. of iron ore from Sundances proposed Cameroon and Congo Mines (Mine Rail Project); and
Terms of EPC Contract under which CAC would deliver the Mine Rail Project.