Sundance signs new agreement with AustSino

Iron-ore hopeful Sundance Resources has inked a new agreement with ASX-listed AustSino and its noteholders, as uncertainty around the reinstatement of the Mbalam Convention with the Cameroon government, remains.

Under a previous agreement struck between the Parties, AustSino originally agreed to invest A$58-illion into Sundance in return for a 50.8% interest in the company, and effective control over Sundance.