Tidfore Heavy Equipment Group Co Ltd. signed a binding memorandum of understanding to acquire 51% stake in Cam Iron SA from Sundance Resources Limited (ASX:SDL) on January 22, 2018. The transaction is subject to Cam Iron obtaining title to the tenure over the area covered by the previous EP92 for a minimum of three years, the Government of China approving the provision of Sinosure insurance in order to enable Chinese funders to consider funding the Project and formal agreements have been agreed and executed. Tidfore Heavy Equipment Group Co Ltd. cancelled the acquisition of 51% stake in Cam Iron SA from Sundance Resources Limited (ASX:SDL) on January 22, 2019.