Sundance Resources Press Release Developments in Cameroon - AustSino - 27 June 2021
Country
Year
2021
Summary
Sundance Resources Ltd ("Sundance" or the "Company") notes media reports that the Government of Cameroon ("Cameroon"), through the Minister of Transport, Jean Ernest Ngallé Bibéhé, and the Minister of Mines and Industry, Gabriel Dodo Ndoke, signed a memorandum of understanding ("MoU" ) on 25 June 2021 in Yaoundé with AustSino Resources Group Ltd ("AustSino") and Bestway Finance Ltd ("Bestway") for the construction of the 510km railway connecting the Mbalam-Nabeba Iron Ore Project to the deep-water port of Kribi.
Sundance also notes a Shareholder Update announcement dated 26 June 2021 by AustSino, a Perth- based company that was delisted from the Australian Securities Exchange in December 2020, confirming that it is a signatory to the MoU with Cameroon and Bestway.
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