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    iron investing

    China’s Hanlong Raises Bid For Australia’s Sundance

    Investing News Network
    Oct. 03, 2011 02:06PM PST
    Base Metals Investing

    Reuters reported China’s Hanlong Mining has agreed to raise its offer price to $1.5 million for Sundance Resources to secure an agreed takeover.

    Reuters reported China’s Hanlong Mining has agreed to raise its offer price to $1.5 million for Sundance Resources to secure an agreed takeover.

    The market news is quoted as saying,

    A successful deal would give Hanlong control of a major iron ore mine in west Africa and help feed China’s demand for metals. Hanlong already owns 18.6 percent of the company.

    For the complete market news, click here.

    iron investinghanlong miningchina
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