Company Announcement: Bannerman announces update on Hanlong Proposal

Bannerman Resources Limited announced that it had received a highly conditional acquisition proposal from the Sichuan Hanlong Group.

Sundance agrees to sweetened A$1.65bn bid from Hanlong

The directors of ASX-listed Sundance Resources on Tuesday recommended shareholders accept a sweetened A$1.65-billion takeover offer from China’s Hanlong Mining Investment. Hanlong increased its offer from A$0.50 a share to A$.057 a share,...

Bannerman advances talks with Hanlong despite Asic probe

Uranium hopeful Bannerman Resources said on Tuesday that it was continuing discussions with China’s Sichuan Hanlong Group, despite insider trading investigations by the Australian Securities and Investment Commission (Asic) against the Chinese...

Hanlong talks could take months - Bannerman

Talks between Bannerman Resourcesand its Chinese suitor Hanlong Mining might take “some months” to conclude, the Australia-based uranium junior said on Friday. It also said it was studying improvements to its 80%-owned Etango project in...

Waning domestic prospects send China looking elsewhere for molybdenum

China is becoming more active in investing in foreign molybdenum projects because its domestic resources are declining, Teck Resources' Michael Schwartz said on Sunday. In a presentation on the outlooks for copper and molybdenum at the...

China gives key approval for Hanlong investment in Moly Mines

The Chinese government has given a critical approval for a $200-million equity and debt investment in TSX- and ASX-listed Moly Mines by Hanlong Mining Investment. Moly announced in October it had signed a subscription agreement with Hanlong for...