• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Base Metals Market
    Base Metals News
    Base Metals Stocks
    • Base Metals Market
    • Base Metals News
    • Base Metals Stocks
    iron investing

    Hanlong Seeks Partner for $4.7-billion African Iron Project

    Charlotte McLeod
    Feb. 28, 2013 03:01PM PST
    Base Metals Investing

    Reuters reported that Hanlong Group, a privately owned Chinese company, is in talks with four of China’s state-owned steel mills with the aim of choosing one of them to be its partner for Sundance Resources Ltd.’s (ASX:SDL) Africa-based, $4.7-billion Mbalam iron ore project.

    Reuters reported that Hanlong Group, a privately owned Chinese company, is in talks with four of China’s state-owned steel mills with the aim of choosing one of them to be its partner for Sundance Resources Ltd.’s (ASX:SDL) Africa-based, $4.7-billion Mbalam iron ore project.

    As quoted in the market news:

    Hanlong has been ordered to team up with a large Chinese company for the Mbalam project in order to secure final approval from China’s top planner, the National Development and Reform Commission (NDRC), for the A$1.38-billion Sundance takeover.

    The takeover has been held up for a year due to delays in securing approvals from the Chinese government, which is keen to ensure that Mbalam is properly funded to help break the grip of mega miners Vale, Rio Tinto and BHP Billiton on iron ore supplies.

    Click here to read the full Reuters report.

    asx:sdlchinairon investing
    The Conversation (0)

    Go Deeper

    AI Powered
    Business handshake.

    Cyclone Metals, Vale to Develop Iron Bear Project in US$138 Million Deal

    Wooden M&A blocks on a keyboard background.

    Rock-Solid Deals: Exploring Australia's Latest Mining M&A

    Latest News

    Corcel Exploration Outlines Planned Drill Program at Yuma King, Arizona

    Nine Mile Metals Announces Phase 2 XRF High-Grade Results up to 17.41% Copper from the Upcoming Drill Area at the Wedge Project, Bathurst, New Brunswick

    Silver47 Intersects High-Grade Mineralization in Step-Out Holes at Red Mountain, Alaska, and Hughes, Nevada

    Placement to Raise $5.4 Million

    In-Situ Copper Recovery Environmental Permitting Update

    More News

    Outlook Reports world

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Base Metals Investing Stocks

    Cyclone Metals

    CLE:AU

    M3 Metals Corp.

    MT:CA

    Rockex Mining Corporation

    RXM:CNX

    Oceanic Iron Ore Corp.

    FEO:CA

    Ares Strategic Mining Inc.

    ARS:CNX

    Labrador Iron Ore Royalty Corporation

    LIF:CA
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES