Sundance Resources Ltd., seeking to develop an iron ore project in Africa, said its $1.19 billion takeover by Sichuan Hanlong Group may be scrapped because the Chinese company will miss a deadline today to provide details of how it would fund the deal.
The missing billionaire chairman of Sichuan Hanlong Group, reportedly in police custody, faces the collapse of his company’s $1.19 billion takeover of Australia’s Sundance Resources Ltd. as a term-sheet deadline looms.
General Moly Inc., owner of two molybdenum mining projects in Nevada, suspended work on a $665 million loan after a report that the chairman of the Chinese company arranging the credit has been detained in China.
Sundance Resources Ltd., subject of an agreed takeover from Sichuan Hanlong Group, is seeking information from the Chinese company after a report by Shanghai Securities News that Chairman Liu Han was detained by police.
Police are investigating a man with the same name as the chairman of a Chinese company seeking to buy Australian miner Sundance Resources Ltd. on suspicion of harboring his brother, who is wanted for murder.
BankUnited Inc., Comerica Inc., TCF Financial Corp., First Republic Bank and Texas Capital Bancshares Inc. are the most likely regional lenders to put themselves up for sale based partially on how much their chief executive officers stand to make from a deal, a report found.
There’s “no doubt” that Julia Gillard , who ousted Kevin Rudd as Australian prime minister today, will change the government’s proposed 40 percent tax on mining projects, Sundance Resources Ltd . said.