Sundance’s Mbalam obtains approval
Sundance Resources Ltd's (ASX:SDL) Mbalam project has received environmental approval for from the Cameroon government in West Africa, according to the iron ore explorer.
Cameroon's Ministry of Environment and Natural Protection has issued a compliance certificate for the project, which is a requisite for acquiring a mining permit.
Sundance said the ministry had sought for several additional studies to update the miner's environmental and social assessment, which was submitted in March.
The company said the supplementary studies were "readily achievable".
"The green light from the environmental regulator is a key milestone for the Mbalam project as Sundance seeks to position itself as the leading developer of a global-scale regional iron ore province," acting chief executive Peter Canterbury said in a statement.
Mr Canterbury, Sundance's chief financial officer, assumed the acting chief executive role last month after the company's entire board was killed in a plane crash on the way to the Mbalam project.
Trading for Sundance shares have been in a halt since June 21.
On July 2, the company said it expected the shares would resume trading within two weeks.