Company Overview
Sundance Resources is building a global iron ore business through the development of its flagship Mbalam-Nabeba Iron Ore Project located in Central Africa. The Project spans the border between the countries of Cameroon and the Republic of Congo and is an integrated Mine, Port and Rail Project. The first ten years (stage one) will be production of Direct Shipping Ore-quality high grade hematite at 40 Mtpa. Stage two will be continuing production at 35 Mtpa of Itabirite Hematite for at least a further 15 years.
Sundance's goal is to leverage its first-mover advantage in this emerging African iron ore region to become a major global producer.
Sundance's goal is to leverage its first-mover advantage in this emerging African iron ore region to become a major global producer.
Headquartered in Perth, Western Australia, home to the world-class iron ore deposits of the Pilbara region, Sundance draws readily on the skills of some of the world's most experienced iron ore specialists. The Company has assembled a world-class team across its offices and operations in Australia and in Africa.
Sundance is listed on the Australian Securities Exchange (ASX) under the code "SDL". Sundance owns 90% of Cam Iron SA, its subsidiary company in Cameroon. Under the Mbalam Convention, the Cameroon Government has a right to a 10% free carry interest in each of the port, rail and mine project companies (CI PortCo SA, CI RailCo SA and Mbarga MineCo SA) and an additional 5% interest in the same companies where the equity requirements can be loaned to the State and then repaid with interest out of dividends.
Sundance owns 85% in Congo Iron SA, its subsidiary company in Republic of Congo. Under the signed Nabeba Mining Convention, the Congo Government has a right to take a 10% non-dilutable interest in Congo Iron SA pursuant to the Congo Mining Code.
