GOLD
Iron-ore developer Sundance Resources on Tuesday announced that a significant transaction, which would enable the company to advance the development of the Mbalam—Nabeba iron-ore project, in Africa, and leave the developer debt free.
In terms of the agreement, Sundance and fellow ASX-listed AustSino Resources have agreed to a $58-million placement of Sundance shares to AustSino, resulting in a change of control.
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