China approves Hanlong’s $1.7bn Sundance acquisition

China’s National Development & Reform Commission (NDRC) has given its approval to Hanlong’s Mining’s A$1.65 billion ($1.73 billion) acquisition of Australian junior miner Sundance Resources, a spokeswoman for Hanlong told Metal Bulletin on Wednesday August 1.

“The NDRC approved the deal on July 30,” Hanlong said, adding that the deal was only announced later. The takeover includes the Mbalam iron ore project on the border of...


Elfi Middelbeek

August 01, 2012

11:40 GMT