Our board moves wrap includes Alan Winduss, Stuart Third, Michell Guthrie, Calvin Ng, Stephen Mann, Giulio Casello, Simon Whybrow, and Stephen Hewitt-Dutton.
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 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.
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 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.
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.
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.
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.
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 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 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 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 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 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 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 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.
Sinosteel Midwest Corporation has cleared the final hurdle for its Mid West iron ore project after today receiving environmental approval from the federal government.
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.
