Sundance strips down on costs and board members

Iron-ore developer Sundance Resources on Tuesday announced a number of cost cuts as part of a cash management strategy while the company moved ahead with the development of its Mbalam-Nabeba iron-ore project, on the border between Cameroon and the Republic of Congo. The company told shareholders that director Fiona Harris would step down from the board at the start of January this year, reducing the number of board members to five, after Michael Blakiston did not re-nominate for his position, and George Jones retired without a replacement.