xstrata v hanlong, page-11

Hi All.

This is Part of a report from China mining.org.
With so many posts on SDL,I am not sure if it has been reported.

I think the project is a very attractive project,and will make a ot of money when it's up and running."said Andrew Kouremenos,a mining analyst with Foster Stockbroking in Sydney.
Sundance could yield 35 million tonnes of iron ore a year suitable for direct shipping to steel mills.
That would put the project on a par with the sort of iron ore production of Africa's Anglo American.

"Its early days at this point,"Clive Donner, managing director of Linq Resources,a long-term Sundance shareholder,said in reference to the Mbalam project.

Sundance said it would continue "advanced negotiations" with potential investors.It has held talks with at least five steel producers and a link up with one more could give Sundance leverage to go back to Hanlong with a potential valuation on the company that Hanlong would have to beat.

Hanlong has no direct interest in steel production.

Regards
Westcott.