News Articles for Giulio Casello

Board Moves July 15, 2021

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Our board moves wrap includes Alan Winduss, Stuart Third, Michell Guthrie, Calvin Ng, Stephen Mann, Giulio Casello, Simon Whybrow, and Stephen Hewitt-Dutton.

$100m for Oakajee, Sundance projects

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A private Chinese company is planning to invest $100 million in two major iron ore projects that have been dormant for the best part of a decade - the Oakajee port in WA's Mid West and Sundance Resources' Mbalam Nabeba mine in Cameroon.

Sundance strips more costs

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Sundance Resources boss Giulio Casello has taken a big pay cut as the company seeks to cut costs, with the Perth-based explorer also locking in a $1.3 million investment to assist in the search for a partner for its Mbalam Nabeba iron ore project in Africa.

Sundance cuts jobs, plans $16m raising

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Shares in iron ore hopeful Sundance Resources were stripped of half their value after the company announced an aggressive cost reduction strategy that includes job cuts and a reduction in board size and remuneration.

Sundance faces construction delays

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Sundance Resources' hopes of developing its Mbalam-Babeba iron ore project in Cameroon have been dragged out further, with delays to construction of port and rail infrastructure.

More cuts to CEO salaries

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The median salary paid to chief executives at Australian mining companies fell by 12 per cent over the past two years, and is set to decline further after recent cost-cutting moves by the likes of BC Iron, Sundance Resources, Paladin Energy and Poseidon Nickel.

Cameroon seeks Chinese help at Sundance project

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The government of the Republic of Cameroon is planning to seek funding from China for the rail and port infrastructure at Sundance Resources' Mbalam-Nabeba iron ore project, allowing the Perth company to focus just on the mine development.

Sundance cuts jobs, board

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Iron ore explorer Sundance Resources has announced a package of cost-cutting measures, including a reduction to its board and staff, in an effort to reduce expenditure amid current market conditions.

Sundance raises $40m for Mbalam-Nabeba

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Iron ore explorer Sundance Resources says it has raised $40 million through a subscription for its convertible notes and options by resources investor Gennadiy Bogolyubov.

Sundance signs Congo convention

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Sundance Resources has taken a step toward production at its Nabeba iron ore project after signing an agreement with the government of the Republic of Congo and Congo Iron.

Sundance gets builder for iron ore project

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Sundance Resources has appointed Portuguese construction company Mota-Engil Africa to build the $US3.5 billion port and rail infrastructure for the Mbalam-Nabeba iron ore project.

Sundance inks 10-year offtake deal

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Sundance Resources says it is confident of attracting financiers to its Mbalam-Nabeba iron ore project after securing a 10 year off-take arrangement with commodities trader Noble Resources International.

Sundance set to raise $40m

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Sundance Resources has signed agreements to raise $40 million from a consortium of investors as it looks to progress its Mbalam-Nabebe iron ore project in West Africa.

Sundance a step closer to realising vision

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Sundance Resources is on the brink of big changes, as its 18-month takeover saga approaches a finale and its African iron ore project completes major milestones.

Sundance, Legend to look at sharing rail

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Sundance Resources and Legend Mining have announced an agreement to evaluate sharing rail and port infrastructure under construction as part of the Mbalam iron ore project on the Cameroon and Congo border.

Sundance Resources in $60m placement

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Sundance Resources has entered into a placement agreement to raise $60m from international investors.

Sundance says Mbalam to cost $US4.6bn

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Sundance Resources says the first stage of its Mbalam iron ore mine in West Africa will cost $US4.6 billion, after releasing a study which confirmed the project's viability.

Final nod for Sinosteel's Mid West mine

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Sinosteel Midwest Corporation has cleared the final hurdle for its Mid West iron ore project after today receiving environmental approval from the federal government.

Sinosteel iron project gains traction

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The environmental watchdog's conditional recommendation of Sinosteel Midwest Corporation's Koolanooka/Blue Hills iron ore project has prompted a rush of appeals in support for a full approval.