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What is Sundance Resources Limited mean?
Sundance Resources Limited is an Australian mining company, based in Perth, Western Australia, whose main assets are iron ore leases in Cameroon near Mbalam, and across the border in the Republic of Congo. Following the loss of the Congo mining licence in 2020, Sundance Resources delisted from the Australian Securities Exchange and sued Congo to acquire $8.76 billion in compensation.
To exploit these leases, a 500 km railway (or perhaps a slurry pipeline) is required to a new multi-user port at Lolabé on the Atlantic coast. However, the development of the project has been postponed due to the market conditions for ore.
The company made headlines in June 2010 when all of the company's directors and some other officers were killed in an airplane crash in the Republic of Congo.
reference nanPosted on 01 Oct 2024, this text provides information on Miscellaneous in Business related to Business. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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