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ARTICLE · 05 NOVEMBER 2012

Australian Resources Sector Update - November Edition

Corrs Chambers Westgarth
Corrs Chambers Westgarth
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Corrs Chambers Westgarth

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This update includes summaries of recent deals, market rumours, potential opportunities and relevant regulatory updates.

AustraliaEnergy and Natural Resources
Bruce Adkins
Bruce Adkins
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November Edition

Introduction

Welcome to the November edition of the Australian Resources Sector Update, a monthly publication prepared by Corrs Chambers Westgarth for clients who are interested in the Australian resources industry.

This publication brings together a brief summary of information on recently completed deals, market rumours and potential opportunities, and relevant regulatory updates.

Recent Announcements

As discussed in the October edition of the Australian Resource Sector Update, ASX-listed iron ore miner Sundance Resources has accepted China's Hanlong (Africa) Mining Investment Limited's offer to acquire all of the issued shares in Sundance Resources at A$0.45 per share. On 22 October 2012, Sundance Resources announced that Hanlong has secured two acceptable financier commitment letters. The commitment letter from the China Development Bank confirms the agreement to provide a debt facility of up to US$1.022 billion, subject

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