Sundance says full takeover not on the cards

May. 30, 2011 08:33AM PST

Mining Weekly reports iron-ore hopeful Sundance Resources (ASX:SDL) refuted claims that its investment partner Hanlong Mining was looking to gain control of the company.

The market news is quoted as saying,

“Consistent with previous announcements, Sundance is not currently in discussions regarding a full takeover, and continue its ongoing discussions with several prospective strategic partners,” the Africa-focused developer stated.

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