http://www.investiraucameroun.com/mines/2702-5096-cameroun-sundan...

http://www.investiraucameroun.com/mines/2702-5096-cameroun-sundance-resources-vend-le-potentiel-du-gisement-de-fer-de-mbalam-a-la-china-iron-ore-conference

Cameroon : Sundance Resources sells iron ore potential of Mbalam the "China Iron Ore Conference"

27 Feb 2014 ,

Sundance Resources Ltd, Australian mining junior who, through his Cameroonian subsidiary Cam Iron SA , a pilot project for the development of iron ore Mbalam , in eastern Cameroon , announced that it presented the potential of this deposit and the level of progress of the development project in the " China Iron Ore Conference " , held from February 25 to 26, 2014 in Beijing.

Before almost all representatives of the most prominent mining groups in the world and other financial invited to this meeting on iron ore , Giulio Casello (photo) , CEO of Sundance Resources has told, insisted on the quality of resource of this deposit torn between Cameroon and Congo Brazzaville and its potential production estimated at 35 million tons of iron over 20 years.

Indeed, since the collapse in 2013 of negotiations with the Chinese Hanlong Group, then tipped in a partnership for the development of the project Mbalam , Sundance Resources is seeking new partners. In July 2013, the mining company announced very thorough with no less than six groups of Chinese investors , who are interested in this project which includes the construction of a railway line 510 km long contacts

From this point of view , the presence of Sundance to " China Iron Ore Conference 2014" , a kind of high mass of iron ore to China , is not coincidental. Especially because, said Mr Casello in Beijing, " the demand for iron China will increase with time as the long -term supplies of iron ore country still dependent on imports ." As a reminder, in its forecasts , Sundance projects into production deposit Mbalam between late 2017 and early 2018.