The Conversation (0)
- WORLD EDITIONAustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
Top Stocks
Top Resource Stocks
Top Tech Stocks
Top Life Science Stocks
Trending
Trending Articles
Trending Press Releases
Trending Companies
Trending Reports
Resource
Popular Lists
Investing Ideas
Outlook Reports
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
Investing Guides
Tech
Popular Lists
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
Investing Ideas
Outlook Reports
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
Investing Guides
Life Science
Popular Lists
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
Outlook Reports
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Investing Guides
Hanlong Seeks Partner for $4.7-billion African Iron Project
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.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.