Sundance appoints African port and rail project lead

Company News

Sundance Resources Limited (ASX:SDL) will take on Mota-Engil Africa to build a $US3.5 billion port and rail infrastructure project in Cameroon.
 
The iron ore explorer’s Mbalam Nabeba project should take three and a half years to complete.
 
The project involves 510km of railway from the mine to the coast, a 70km rail spur line and a deep water terminal capable of loading China-max vessels.
 
The company has chosen one of Africa’s biggest banks, Standard Bank, to advise on funding and be the lead debt arranger.
 
Sundance Resources reported a net loss of $21.15 million in the first half of the 2014 financial year.