26
Sep
09:55
Deal to take Sundance, AustSino Chinese-owned
A series of deals between AustSino Resources Group, Sundance Resources and Western Australian Port Rail Construction (Shanghai) (WAPRC) will see AustSino take control of Sundance and the Chinese partner take control of AustSino. The deal will provide funding for both Sundance’s development projects in Cameroon and Congo, and for the stalled Oakajee port and rail project and other projects in Western Australia, Kallanish notes.
The heart of the deal is a $1…
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Very good overview of the weekly steel market.
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