Sundance Resources Limited (ASX:SDL) has entered into a memorandum of understanding with Core Mining regarding the provision and use of future infrastructure facilities in Africa.
Sundance chairman George Jones says the collaboration is evidence of the commitment both companies have to developing a new world-class iron ore region in central West Africa.
Once in production, Sundance says there’s the potential to produce up to 70 million tonnes per annum of direct shipping ore from two projects alone.
Sundance Resources booked a net loss of $22 million in fiscal 2011.
