Sundance Resources Limited is an Australian mining company, based in Perth, Western Australia, whose main assets are iron ore leases in Cameroon near Mbalam, and across the border in the Republic of Congo. Following the loss of the Congo mining licence in 2020, Sundance Resources delisted from the Australian Securities Exchange and sued Congo to acquire $8.76 billion in compensation. To exploit these leases, a 500 km railway (or perhaps a slurry pipeline) is required to a new multi-user port at Lolabé on the Atlantic coast. However, the development of the project has been postponed due to the market conditions for ore. The company made headlines in June 2010 when all of the company's directors and some other officers were killed in an airplane crash in the Republic of Congo. Company history Sundance Resources was listed on the Australian Securities Exchange, the ASX, in 1993, then under the name of St Francis Mining NL (SFM). It changed this name to St Francis Mining Limited in October 1999. It traded under this name for only a short time before becoming the St Francis Group Limited (SFG) in June 2000. In December 2003, the St Francis Group Limited became Sundance Resources Limited (SDL), the company's current name. The company was listed on the ASX and also traded on over-the-counter markets in Frankfurt, Munich, Berlin, Hamburg and Stuttgart, Germany. Mbalam project Sundance announced the acquisition of a 100% interest, since reduced to 90%, in Cam Iron SA, a company incorporated in Cameroon, in March 2006. Cam was the owner of exploration permit No 92 which covered an area of 875 square kilometres over the Mbalam iron ore province. Mbalam is located about 300 km east-southeast of the capital city of Yaoundé in the southern part of Cameroon. The deposit was identified in 1982 by the United Nations Development Fund. Republic of Congo Sundance also holds an 85% interest in iron ore deposits across the border in the Republic of Congo, which would be served by a branch off the main railway. Timeline 2010 In September a deal was reached to build the railway. 2011 A deal was struck with Legend Resources, also of Australia, to share railway and port infrastructure. 2016 January – the development of the project was put on hold until market conditions improve, after a key infrastructure contractor postponed the signing of a contract, citing low ore prices. Accident On