Sundance.... China-Krise als Riesenchance?
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Appendix 3B New issue announcement Appendix 3B Rule 2.7, 3.10.3, 3.10.4, 3.10.5 New issue announcement, application for quotation of additional securities and agreement Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public. Introduced 1/7/96.
Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003, 24/10/2005. Name of entity Sundance Resources Limited ABN 19 055 719 394 We (the entity) give ASX the following information.
Part 1 - All issues You must complete the relevant sections (attach sheets if there is not enough space). 1 +Class of +securities issued or to Ordinary Fully Paid Shares be issued 2 Number of +securities issued or to 402,000 be issued (if known) or maximum number which may be issued 3 Principal terms of the +securities Ordinary Fully Paid Shares (e.g., if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for +convertible payment; if securities, the conversion price and dates for conversion) + See chapter 19 for defined terms. 24/10/2005 Appendix 3B Page 1 Appendix 3B New issue announcement 4 Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities? If the additional securities do not rank equally, please state: the date from which they do the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment Issue price or consideration Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets) Yes 5 6 $0.225 402,000 shares issued on the exercise of options exercisable at 22.5 cents each on or before 30 January 2013.
7 8 Dates of entering into uncertificated holdings or despatch of certificates Number and +class of all +securities quoted on ASX (including the securities in clause 2 if applicable) +securities 20 February 2012 Number 2,933,234,505 +Class Fully paid ordinary shares 9 Number +class of all 2,000,000 40 cent Number and +securities not quoted on ASX 6,500,000 40 cent 3,901,666 35 cent (including the securities in 2,000,000 35 cent 4,120,500 22.5 cent clause 2 if applicable) 1,150,000 25 cent 300,000 25 cent 250,000
Core is a regional West African iron ore developer that owns the Avima project which is located approximately 65 kilometres West of Sundance's Nabeba deposit in the North West of the Republic of Congo in the Sangha region, and approximately 42 kilometres to the South of Sundance's proposed rail infrastructure. Core is a private company incorporated in the British Virgin Islands. In 2011 it announced that Glencore International AG had invested in Core and other investors include the Russian resources company Severstal.
The Definitive Feasibility Study on Sundance's Mbalam/Nabeba project was completed in March, 2011. The project is designed to produce 35 million tonnes a year of Direct Shipping Ore quality Hematite for approximately 10 years. Sundance will then proceed with development and production of the Itabirite deposits. Sundance currently plans to transport the products from the deposits located in the Republic of Congo and Cameroon via a dedicated rail line to a custom-built iron ore export terminal at the Port of Lolabe in Cameroon, both of which are proposed to be constructed by Sundance.
Core has informed Sundance that it is working towards finalising the resource definition phase of the Avima Project. Core has indicated it is targeting a similar production capacity to Sundance's Mbalam/Nabeba Project.
As part of the MoU, Sundance will advance its discussions with Core regarding the potential for Core to access the Mbalam infrastructure by way of direct investment or alternatively by a haulage services agreement. Sundance and Core will also advance their discussions concerning other possible infrastructure solutions.
Sundance chairman Mr George Jones said the collaboration with Core was further evidence of the commitment both companies have to developing a new world-class iron ore region in central West Africa. He said that "It makes a lot of sense for Sundance and Core to work together given we operate near each other and both have projects with high quality iron ore assets. Once in production, there is the potential to produce up to 70 million tonnes per annum of DSO just from our two projects alone. Once you consider all the additional resources in the surrounding area that may also come on stream, I believe the long-term potential of this region could be up to 100 million tonnes per year or more. However, for this to be achieved, the fundamental requirement will be access to dedicated, heavy haulage infrastructure for the export of iron ore."
Source - Sundance Resources
(www.steelguru.com)
Core owns an iron ore project 65km west of Sundance's Nabeba deposit in the Republic of Congo.
Under the terms of a memorandum of understanding, the two parties will discuss how Core might access Sundance's proposed rail line and port export terminal by way of a direct investment or a haulage services agreement.
Mr George Jones chairman of Sundance said the collaboration was further evidence of the commitment of both companies to develop a new world class iron ore region in central West Africa. He said that "It makes a lot of sense for Sundance and Core to work together given we operate near each other and both have projects with high quality iron ore assets. Once in production, there is the potential to produce up to 70mtpa of direct shipping ore alone."
Mr Jones said he believed the region could produce as much as 100 million tonne per annum provided there was access to dedicated heavy haulage infrastructure.
Sundance is initially proposing a 10 year, 35 million tonne per annum direct shipping ore operation for its Mbalam/Nabeba project.
Core said that it is targeting a project of similar size and capacity to Mbalam/Nabeba with its nearby Avima project.
Source - The West Australian
WWW:www.sundanceresources.com.au/
(ABN) Company Overview
Sundance Resources Limited (ASX:SDL)
Half Yearly Report and Accounts
Perth, Mar 12, 2012 (ABN Newswire) - The directors of Sundance Resources Limited (ASX:SDL) submit herewith the financial report of Sundance Resources Limited and its' subsidiaries for the half-year ended 31 December 2011. In order to comply with the provisions of the Corporations Act 2001, the directors report as follows:
DIRECTORS
The names of the directors of the Company who held office during or since the end of the half -year are:
Mr George Jones AM CitWA - Chairman (Non-Executive)
Mr Giulio Casello - Managing Director & Chief Executive Officer
Mr Michael Blakiston - Non-Executive Director
Mr Barry Eldridge - Non-Executive Director
Ms Fiona Harris - Non-Executive Director
Mr Andrew (Robin) Marshall - Non-Executive Director
All directors have held office for the full period of this report and remain in office as at the date of this report.
REVIEW OF OPERATIONS
Sundance Resources Limited (ASX:SDL) is an international iron ore exploration and development company focused on the delivery of the Mbalam Iron Ore Project ('the Project') which is based around a group of large-scale iron ore deposits spanning the border between the Republic of Cameroon and the neighbouring Republic of Congo in central West Africa.
Corporate
On 4 October 2011, Hanlong (Africa) Mining Investment Limited ('Hanlong') made a conditional cash offer to acquire 100 per cent of Sundance with an offer price of A$0.57 cash per share under an Australian Scheme of Arrangement ('Scheme'). This offer followed an initial approach at A$0.50 cash per share. The Board of Directors of Sundance ('the Directors') believe the price, which values the Company at A$1.65 billion, is attractive and therefore in the absence of a superior proposal, unanimously recommend that shareholders vote in favour of the Scheme, (subject to an Independent Expert's report concluding that the Scheme is in the best interests of all shareholders).
Following this, Sundance signed a legally binding, conditional Scheme Implementation Agreement ('SIA') with Hanlong. The Scheme is conditional on a number of conditions being met including securing of regulatory approvals by the governments of Australia, the Republic of Cameroon, the Republic of Congo and the People's Republic of China. During the half year under review Sundance has continued to progress the Conditions Precedent (for which the Company is responsible) contained in phase one of the SIA, including the requirement to finalise the key terms of the Mbalam Convention and the Congo Mining Permit.
In February 2012 the Cameroon Government advised Sundance that the Cameroon Government was establishing a top-level Ministerial Steering Committee ('the Ministerial Committee') to co-ordinate and oversee planning for the Project mine and infrastructure. The Ministerial Committee has replaced the Cellule which the Cameroon Government established in 2007. The new Ministerial Committee is now responsible for all the key approvals and strategic issues relating to the Project, with tasks including the completing of the terms of the Mbalam Convention.
As a result of establishment of the Ministerial Committee, an agreement was reached between Sundance and Hanlong for an extension to the Conditions Precedent for the SIA to 27 April 2012. Hanlong will have 3 weeks from the date that the terms of the Mbalam Convention and Congo Mining Permit are agreed to conclude a credit approved term sheet with the China Development Bank.
Mbalam Iron Ore Project
The Mbalam Iron Ore Project ('the Project') is an integrated mine, rail and port project. The Project is designed to produce 35 million tonnes per annum ('Mtpa'). The Definitive Feasibility Study ('DFS') for stage one was completed in April 2011. A final investment decision on the development of the Project is pending securing project financing and Government approvals in Republic of Cameroon and Republic of Congo.
During the period under review, Sundance continued activities on the Mbalam Iron Ore Project. Significant achievements during the period included:
- On 1 September 2011, Sundance announced an upgraded JORC Code-compliant High-Grade Hematite Mineral Resource totalling 521.7 million tonnes ('Mt') at 60.7% Fe. This is in addition to the Itabatire Resource delineated for the Mbarga deposit directly beneath the high grade hematite mineralisation of 2.32 billion tonnes at 38.0% Fe (as announced in the Company's 2011 Annual Report).
JORC Code-compliant High-Grade Hematite Mineral Resource
--------------------------------------------------
TOTAL HIGH GRADE Tonnes Fe SiO2 A12O3 P LOI
HEMATITE RESOURCES (Mt) (%) (%) (%) (%) (%)
--------------------------------------------------
Indicated 488.5 60.9 6.5 3.0 0.092 2.8
--------------------------------------------------
Inferred 33.3 57.9 13.4 3.3 0.089 1.8
--------------------------------------------------
Total High Grade
Resources 521.7 60.7 6.9 3.0 0.092 2.7
--------------------------------------------------
JORC Code-compliant Itabirite Hematite Mineral Resource
--------------------------------------------------
TOTAL ITABIRITE Tonnes Fe SiO2 A12O3 P LOI
HEMATITE RESOURCES (Mt) (%) (%) (%) (%) (%)
--------------------------------------------------
Indicated 1,431 38.0 44.5 0.44 0.04 0.32
--------------------------------------------------
Inferred 894 38.0 44.1 0.54 0.05 0.43
--------------------------------------------------
Total Itabirite
Resources 2,325 38.0 44.4 0.48 0.04 0.36
--------------------------------------------------
- On 15 November 2011, Sundance announced an Ore Reserve upgrade to total 352.3 Mt at 62.4% Fe of High-Grade Hematite, sourcing ore from three deposits - Mbarga and Mbarga South in Cameroon and Nabeba in the Republic of Congo.
JORC Code-compliant High-Grade Hematite Mineral Reserves
--------------------------------------------------
HIGH GRADE Reserve Tonnes Fe SiO2 Al2O3 P LOI
HEMATITE Classification (Mt) (%) (%) (%) (%) (%)
ORE RESERVES (Mt)
--------------------------------------------------
Ore Reserves Probable 352.3 62.4 5.0 2.6 0.09 2.6
--------------------------------------------------
On 23 November 2011, Sundance announced that the Republic of Cameroon Ministry of Property and Land Tenure had declared the land for the proposed Mbalam rail corridor as land for public utility. It covers the area from the Mbarga mine site to Sundance's planned deep water Lolabe iron ore terminal at the Kribi port area. The declaration of public utility for the Kribi port area (which includes Lolabe) was announced in 2010.
To view the complete Sundance Resources Half Yearly Report and Accounts, please refer to the following link below:
http://media.abnnewswire.net/media/en/docs/ASX-SDL-581498.pdf
About Sundance Resources Limited
Sundance Resources Limited (ASX:SDL) (PINK:SUDCF) is an international resources company developing the Mbalam Iron Ore Project in the Republic of Cameroon and the Republic of Congo, in central west Africa. Sundance Resources is listed on the Australian Securities Exchange and is part of the S&P ASX200 Index.
The Company's corporate head office is based in Perth, Western Australia, home to the world-class iron ore deposits of the Pilbara region. This location means the Company has assembled a management and technical team that draws readily on the skills of some of the world’s most experienced iron ore specialists as it continues to cement its position as an emerging force in the global iron ore sector.
Contact
Sundance Resources Limited
T: +61-8-9220-2300
F: +61-8-9220-2309
http://www.sundanceresources
Appendix 3B New issue announcement Appendix 3B Rule 2.7, 3.10.3, 3.10.4, 3.10.5 New issue announcement, application for quotation of additional securities and agreement Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public. Introduced 1/7/96.
Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003, 24/10/2005. Name of entity Sundance Resources Limited ABN 19 055 719 394 We (the entity) give ASX the following information.
Part 1 - All issues You must complete the relevant sections (attach sheets if there is not enough space). 1 +Class of +securities issued or to Ordinary Fully Paid Shares be issued 2 Number of +securities issued or to 300,000 be issued (if known) or maximum number which may be issued 3 Principal terms of the +securities Ordinary Fully Paid Shares (e.g., if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for +convertible payment; if securities, the conversion price and dates for conversion) + See chapter 19 for defined terms. 24/10/2005 Appendix 3B Page 1 Appendix 3B New issue announcement 4 Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities? If the additional securities do not rank equally, please state: the date from which they do the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment Issue price or consideration Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets) Yes 5 6 $0.25 300,000 shares issued on the exercise of options exercisable at 25 cents each on or before 14 March 2013.
7 8 Dates of entering into uncertificated holdings or despatch of certificates Number and +class of all +securities quoted on ASX (including the securities in clause 2 if applicable) +securities 19 March 2012 Number 2,933,534,505 +Class Fully paid ordinary shares 9 Number +class of all 6,500,000 40 cent Number and +securities not quoted on ASX 3,901,666 35 cent 2,000,000 35 cent (including the securities in 4,120,500 22.5 cent 1,150,000 25 cent clause 2 if applicable) 250,000 25 cent 5,527,500 25 cent 6,500,000
Share to infrastructure with Equatorial project
The minister of mines and geology of the Republic of Congo has now approved Sundance's application to develop and mine the high grade iron ore deposit.
Nabeba will help underpin Stage One of the Mbalam development in which 35 million tonnes of direct shipping ore quality iron ore will be produced annually for at least 10 years.
Mr Giulio Casello MD & CEO of Sundance Resources Limited said that the approval is a key milestone for Sundance. The project is expected to contribute more than USD 2 billion to the Republic of Congo's economy in its first 10 years of operation.
Source - Sundance Resources
nanzierung
Fri, 11 May 2012 14:43:00 +1000 3 days, 8 hours ago
Appendix 3B New issue announcement Appendix 3B Rule 2.7, 3.10.3, 3.10.4, 3.10.5 New issue announcement, application for quotation of additional securities and agreement Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public. Introduced 1/7/96.
Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003, 24/10/2005. Name of entity Sundance Resources Limited ABN 19 055 719 394 We (the entity) give ASX the following information.
Part 1 - All issues You must complete the relevant sections (attach sheets if there is not enough space). 1 +Class of +securities issued or to Unlisted Rights be issued 2 Number of +securities issued or to 4,073,737 be issued (if known) or maximum number which may be issued 3 Principal terms of the +securities (e.g., if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for +convertible payment; if securities, the conversion price and dates for conversion) Tranche 1: 1,629,494 rights with a vesting date of 31 December 2012. Tranche 2: 1,425,808 rights with a vesting date of 31 December 2014 or 31 December 2015.
Tranche 3: 1,018,435 rights with a vesting date of 31 December 2015. + See chapter 19 for defined terms. 24/10/2005 Appendix 3B Page 1 Appendix 3B New issue announcement 4 Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities? If the additional securities do not rank equally, please state: the date from which they do the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment Issue price or consideration Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets) Yes 5 6 Nil Performance rights issued under the Performance Rights Plan subject to certain vesting conditions.
7 8 Dates of entering into uncertificated holdings or despatch of certificates Number and +class of all +securities quoted on ASX (including the securities in clause 2 if applicable) +securities 11 May 2012 Number 2,933,534,505 +Class Fully paid ordinary shares 9 Number +class of all 6,500,000 40 cent Number and +securities not quoted on
Sundance said Cameroon Prime Minister Philemon Yang has written to Chinese Premier Wen Jiabao calling for China's support for the Mbalam project, crucial to the country's future as it includes building a 510 kilometer rail line and a deepwater port.
Mr George Jones chairman of Sundance said “We now look forward to finalizing the remaining elements of the (agreement) and paving the way for the people of the republics of Cameroon and Congo to reap the benefits of this world class project.”
China Development Bank has so far failed to give its blessing to Hanlong's USD 1.3 billion bid, first announced last July. The bank has said it was waiting for Congo and Cameroon to seal mining agreements, now in hand, and waiting for approval from Australia, now also expected to come through.
To go ahead with the Sundance bid, Hanlong also needs to secure approval from Australia's Foreign Investment Review Board by June 30, and line up funding from China Development Bank by August 31/
Hanlong is targeting Sundance for its USD 4.7 billion Mbalam iron ore project on the border of Congo and Cameroon, a resource vital to helping China ease its dependence on Australia and Brazil for iron ore.
Source - Thomson Reuters
21. Juni 2012 11:03
Stetiger Erfolg
Die Eisenerzgesellschaft Sundance Resources (WKN A0BK6G) hat einen Anstieg der Ressource auf ihrem Mbalam-Projekt von 49% erzielt. So kann man dort nun insgesamt 775,4 Mio. Tonnen Hämatiterz bei einem Eisengehalt von 57,2% nachweisen. Wie das Unternehmen zudem mitteilte, gehören 95% der Ressource in die Kategorie angezeigt.
Darüber hinaus konnte Sundance eine erste Ressource von 1,4 Mrd. Tonnen bei 35% Eisengehalt auf der Nabeba-Lagerstätte in der Republik Kongo nachweisen. Dazu kommen 2,3 Mrd. Tonnen, die man kürzlich auf der Mbarga-Lagerstätte in Kamerun definiert hatte. Insgesamt verfügt Mbalam nun über 4,49 Mrd. Tonnen Erz.
Nach Ansicht von CEO Giulio Casello unterstreicht die jüngste Ressourcenschätzung die Stärke des Eisenerzprojekts Mbalam. Allein die Größe der hochgradigen Hämatitressource zeige deutlich das Potenzial des Projekts, erklärte er.
In Anbetracht des Explorationsziels von weiteren 90 bis 150 Mio. Tonnen hochgradigen Hämatits und unter Berücksichtigung der anderen Gebiete, auf denen man noch keine Exploration durchgeführt habe, sei man zuversichtlich, sich der Marke von 1 Mrd. Tonnen hochgradigen Erzes nähern zu können. Das zeige, dass es sich bei Mbalam um ein Eisenerzprojekt von Weltklasse handele, so Casello
ich auch sehr dafür,kann nur noch heissen ab richtung norden
Trotz schwächerer Aussichten für Eisenerzförderer halten die Chinesen an einem milliardenschweren Deal fest. Im Fokus steht dabei eine Region in Westafrika.
Hanlong Mining hat von den chinesischen Behörden grünes Licht für die Übernahme des australischen Eisenerz-Unternehmens Sundance Resources (WKN: A0BK6G) erhalten. Dies berichtet Reuters unter Berufung auf einen Sprecher von Hanlong Mining. Die Gesellschaft hält bereits rund 17 Prozent der Anteile der Australier.
Der milliardenschwere Deal verzögert sich bereits seit einiger Zeit und ist mit dem „OK" von Seiten der nationalen Entwicklungs- und Reformkommission Chinas noch lange nicht in trockenen Tüchern. 1,5 Milliarden Dollar bietet Hanlong Mining für Sundance Resources und muss nun die Finanzierung der Offerte sichern. Einen wichtigen Faktor dabei wird die staatliche China Development Bank spielen.
Obwohl sich die Aussichten für die Eisenerzbranche in den vergangenen Monaten deutlich verschlechtert haben, halten die Chinesen an den Übernahmeplänen bisher fest. Der Zukauf ist strategischer Natur für den Staat, der damit unabhängiger von Eisenerzlieferungen aus Australien sowie Brasilien würde. Sundance Resources entwickelt ein fast 5 Milliarden Dollar schweres Eisenerzprojekt in Westafrika. Experten gehen davon aus, dass in dieser Region große Vorkommen vorhanden sind
The two companies have been tied in negotiations over price after Hanlong last week moved to renegotiate its June 2012 bid of 57 cents per Sundance share or about USD 1.7 billion.
Sundance, the owner of the Mbalam high grade hematite iron ore project in Central West Africa, was due to come out of a trade halt on, but this was extended after negotiations stalled.
As shareholders await an announcement, speculation has mounted over whether Sundance has the capacity to walk away from the deal with Mbalam requiring an estimated AUD 4.7 billion for the first stage development, at a time when iron ore prices have continued to slide under USD 120 per tonne.
China's National Development and Reform Commission, which makes the final call on large corporate investments for Chinese companies, granted provisional approval for the transaction earlier this month, subject to a reasonable acquisition price.
CLSA analyst Mr Hayden Bairstow said based on the fall in iron ore prices and in Sundance's own price he believed Sundance would have to consider any offer near 45 cents.
He added that "After the way the shares have traded in the last 12 months, anything in the mid 40s would be a price that would be pretty accurate. Given where their price is and given where the market is they will accept it, it's an unfunded development play."
Mr Bairstow said it was unusual to see a company attempt to renegotiate price at such a late stage in a transaction, but following the significant fall in iron ore prices and the amount of equity required to complete the Mbalam project, Hanlong's move was understandable.
He added that "Given the change in the outlook since the initial bid was put in place they're just never going to get approval to pay for what they're offered. The reverse could have happened, they could have agreed to this deal and the iron ore price is USD 200."
Mr Bairstow said he expected the iron ore price to make a slight recovering in the next two months, but remained dark on the long term price. He added that "Long term we're still at USD 70."
Independent resources analyst Mr Peter Strachan was far more optimistic on Sundance's value based on the mineral base of Mbalam, which includes 770 million tonnes of high grade hematite resources. He said that "It's a difficult position for them to be in now, they can effectively just throw their hands up in the air and walk away from it, 40 cents is hardly going to represent a very good return for shareholders
Sundance requested the trading halt pending an announcement on Hanlong's financial commitment obligations under its revised takeover offer.
Sundance said that it expects an announcement will be made before the open of trade on the Australian Securities Exchange.
Hanlong lowered its takeover bid for Sundance by about one fifth to USD 1.37 billion in late August 2012 following a fall in iron ore prices.
The takeover requires a decision by the Chinese Development Bank, which will provide funding, and from China's National Development and Reform Commission.
Source - AAP
According to the Second Amended and Restated Scheme Implementation Agreement, this letter was due by October 1st 2012.
Sundance is grateful for CDB's support for the Mbalam Nabeba Iron Ore Project and understands that the completion of the internal CDB authorization process has been delayed by a combination of the Mid Autumn Festival holiday period in China and by the need for Hanlong and CDB to finalize the conditions surrounding the facility.
As per the requirement under the SIA, when a condition precedent has not been satisfied, Sundance and Hanlong are required to enter into a 5 business day good faith consultation period which will commence this week.
Therefore, during this time, Sundance has requested its securities be suspended from trading effective from pre market open on October 2nd 2012. The company is not aware of any reason why its securities should not be suspended.
Source - Sundance Resources Limited
Striktere Minengesetze können Marktanteile kosten
Die Aktien von Sundance Resources (WKN: A0BK6G) sind aktuell vom Handel ausgesetzt. Diese Aussetzung des australischen Papiers kann sich noch über Tage hinziehen, denn man befindet sich in einer entscheidenden Phase von Übernahmeverhandlungen. Vor rund einem Jahr hat die Hanlong Gruppe aus China ihr Interesse an dem Eisenerzexplorer Sundance bekundet. Doch bis jetzt ist noch keine Unterschrift unter einen Kaufvertrag gesetzt worden.
Der Markt wird unruhig, der vor der Aussetzung festgestellte Kurs von 0,34 Australischen Dollar macht deutlich, dass nicht jeder von einem Verhandlungserfolg ausgeht. Die Offerte der Chinesen liegt bei 0,45 AUD je Aktie. Zuvor hatten sie sogar ein um 20 Prozent höheres Angebot abgegeben. Aufgrund der Entwicklungen des Eisenerzpreises hat Hanlong diese Offerte jedoch im August reduziert. Seit dem Erzpreistief im September von 87 Dollar je Tonne, hat sich der Preis allerdings wieder um 32 Prozent erholt. Die Offerte ist dagegen identisch geblieben. Das Volumen liegt bei insgesamt 1,4 Milliarden Dollar.
Noch immer verhandeln Chinesen und Australier über Einzelheiten. An welchen Punkten man noch arbeiten muss, ist unklar. Bei Sundance glaubt man jedoch, dass eine Einigung noch in dieser Woche erzielt wird. Offenbar fehlt jedoch bisher ein entsprechendes Schreiben der China Development Bank, durch das die Finanzen geregelt werden. Dieses sollte am 1. Oktober vorliegen. Die lange Ferienwoche in China hat jedoch zu einer Verzögerung geführt. Andererseits war die Bank schon zuvor nicht immer auf der Seite von Hanlong, Verspätungen waren bereits früher an der Tagesordnung.
Die Chinesen sind stark an dem Hauptprojekt von Sundance Resources in Afrika interessiert. Dort arbeitet das in Perth beheimatete Unternehmen am Mbalam Eisenerzprojekt. Dieses liegt in der Grenzregion von Kamerun und der Republik Kongo. Mit dem afrikanischen Erz will Hanlong in China die Stahlproduktion unterstützen.
Friday, October 19, 2012 by Proactive Investors
West African-focused iron ore producer Sundance Resources (ASX:SDL) is understood to have received a long-awaited letter from China Development Bank, or CBD, indicating its financial support for a proposed buyout by Hanlong Mining according to sources.
The letter -- which supports Hanlong (Africa) Mining Investments in its revised $1.38 billion takeover offer -- has been expected for weeks and will allow both sides to create a timetable for the earliest possible shareholder vote on the takeover, the person said.
The letter is a major step forward for Sundance, which last traded at 34 cents a share, a 32 per cent discount to Hanlong's reduced 45c a share offer.
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