time is of the essence, page-9

Sundance Resources Limited (ASX: SDL – "the Company") is pleased to announce that its Cameroon operating subsidiary, Cam Iron SA, has been selected to develop an iron ore export facility as part of a multi-user deepwater port project south of the coastal town of Kribi in Cameroon, West Africa. Under the Government proposal, the new port is to be developed as a multi-user facility by some of the largest resources, logistics and construction companies in the world. The new port is expected to become a major shipping hub servicing the Mbalam Iron Ore Project as well as other emerging industries in the region. The announcement was made last week by the Cameroon Minister of Transport, Mr Gounoko Haounaye, acting as Vice Chairman of the Steering Committee coordinating the port development. It follows review of proposals from a range of international developers and port operators. Cam Iron SA submitted its proposal to the Cameroon Government both as an independent operator and as part of a consortium comprising Rio Tinto Alcan, the Bolloré Group and the Vinci Group – all major international companies with existing operations in Cameroon. Rio Tinto Alcan is a leading global supplier of bauxite, alumina and primary aluminium. The Bolloré Group is a diversified French-based conglomerate whose international logistics division has extensive operations in Africa. The Vinci Group is one of the world’s leading construction companies. The parties selected to participate in the development of the multi-user port comprise:
 Cam Iron SA Financing, construction and operation of the iron ore terminal
 Rio Tinto Alcan Financing, construction and operation of the aluminium terminal
 Bolloré Group Financing, construction and operation of the container terminal
 Angelkique / SCDP Financing, construction and operation of the hydrocarbons terminal
Petredec / Camship
 Vinci / SOGEA / SATOM Financing and construction of civil works, infrastructure and utilities
Boskalis International The iron ore export terminal will be constructed by Cam Iron as a stand-alone facility but with provision for staged development of multi-user operations by the other selected operators. This should allow for sharing of common infrastructure and utilities. The iron ore