Page 13 - Sundance Resources Ltd Annual Report 2013

SUNDANCE RESOURCES LIMITED ANNUAL REPORT 2013 11
Sundance is currently running two concurrent
processes. One is the tender for the development of
the deep water mineral terminal and rail infrastructure
via an Engineering, Procurement and Construction
(EPC) contract with contractor-facilitated finance or
an independent infrastructure solution.
At the same time, we have also gone out to secure
bankable iron ore off-take agreements along with
potential equity participation in the mines or the
overall project.
By the end of the 2013 calendar year, we aim to
have finalised equity and off-take negotiations to
facilitate the full production capacity of 35 million
tonnes per annum of high‐grade iron ore from the
Mbarga and Nabeba mines and to be finalising
negotiations for building the infrastructure with
EPC contractors.
During this process we will continue to protect
our cash position whilst taking measures to reduce
our operating costs without compromising our
commitments in-country to maintain our tenements
and health, safety, environment and community
responsibilities.
Lastly, I would like to thank all of the Sundance,
Cam Iron and Congo Iron employees and contractors
across all divisions for their continued hard work and
outstanding efforts. I am inspired by the ongoing
perseverance, drive and passion of our people who
continue to embrace the vision that we have what it
takes to become a major iron ore producer and our
project will lead the unlocking of a new, world-class,
iron ore region in Africa.
Yours sincerely,
Giulio Casello
Managing Director & CEO
The Cameroon and Congo Governments
remain very supportive of Sundance and are
eager to see the development of the Project
as quickly as possible, something they
consider extremely important for the
economies of their countries.