Businessweek

Sundance Resources Limited Presents at ASX Spotlight: Small to Mid Caps Conference - Singapore, May-16-2013 04:45 PM. Venue: Ritz Carlton Hotel, Singapore.

Sundance Resources Limited Presents at ASX Spotlight: Small to Mid Caps Conference - Hong Kong, May-14-2013 11:00 AM. Venue: Island Shangri-La, Hong Kong.

Sundance Resources Limited is looking for another Chinese suitor after takeover talks with Hanlong Mining Investment Pty Ltd. stalled as Hanlong was unable to meet April 2, 2013, financial deadline of AUD 1.3 billion.

Sundance Resources Limited is reportedly in talks to sell its Mbalam iron ore project, a person familiar with the matter said. The parties Sundance has held talks with reportedly includes Glencore International plc. The Mbalam iron ore project is reportedly expected to cost around AUD 5 billion to build and is targeting annual output of 35 million metric tons of iron ore, used to make steel. The stake to be sold in the project hasn’t been fixed. The shares of Sundance shares fell 6.7% to AUD 0.21 on March 19, 2013.

Sundance Resources Limited reported consolidated earnings results for the half year ended December 31, 2012. For the period, the company reported loss from continuing operations before tax of AUD 14,102,854 compared to AUD 14,371,386 a year ago. Loss for the period was AUD 14,102,854 compared to AUD 14,371,386 a year ago. Loss attributable to owners of the parent was AUD 13,124,347 or 0.42 cents per basic and diluted share compared to AUD 13,173,044 or 0.45 cents per basic and diluted share a year ago. Net cash used in operating activities was AUD 10,178,563 compared to AUD 8,061,326 a year ago. Purchase of property, plant and equipment was AUD 108,431 compared to AUD 785,434 a year ago.