Mining tycoon detained over Macau gaming matters

 

Liu Han, a Chinese businessman with stakes in listed mining companies in Australia, the US, Canada and China, has been detained by Beijing police over unspecified matters related to Macau casinos, according to local media. The reports have thrown into question $665 million in financing that Han’s Sichuan Hanlong Group was arranging for General Moly Inc. in the US and Hanlong’s $1.2 billion bid to take Australia’s Sundance Resources Ltd. private.