Most Popular
-
1
Yoon's approval rating plunges to all-time low
-
2
S. Korea votes in favor of Palestinian bid for UN membership
-
3
Bae Doo-na shares portraying Korean identity in Hollywood's 'Rebel Moon'
-
4
Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official
-
5
[From the Scene] Monks, Buddhists hail return of remains of Buddhas
![[From the Scene] Monks, Buddhists hail return of remains of Buddhas](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/04/19/20240419050617_0.jpg&u=20240419175937)
![[From the Scene] Monks, Buddhists hail return of remains of Buddhas](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/04/19/20240419050617_0.jpg&u=20240419175937)
-
6
Medical schools granted enrollment quota flexibility for next year
-
7
Yoon offers first one-on-one meeting with opposition leader next week
-
8
France rejects opening Paris flight routes to T'way Air, deals blow to Korean Air merger
-
9
Chinese man behind drug scam targeting teens nabbed in Cambodia
-
10
Iran fires air defense batteries in provinces as sound of explosions heard near Isfahan
POSCO, Korea’s leading steelmaker, said Thursday that its Canadian unit will set up a joint venture with Canada’s Fortune Minerals Ltd. to acquire a stake in a Canadian coal mine development project.
POSCO said that POSCO Canada Ltd. will invest a total of 181 million Canadian dollars ($189 million) for a 20 percent stake in the Mount Klappan coal project.
POSCO will pay 30 million Canadian dollars in advance, of which 20 million Canadian dollars would be used to fund the project, according to Fortune Minerals.
Mount Klappan, located in northwest British Columbia, is estimated to have a metallurgical coal reserve of 2.2 billion tons, with 107.9 million tons confirmed.
POSCO, the world’s No. 3 steelmaker, has been trying to buy coal and iron ore mines in Australia, Canada, Brazil and other natural resources-rich countries in a bid to secure stable supplies of raw materials for steel products.
(Yonhap News)
POSCO said that POSCO Canada Ltd. will invest a total of 181 million Canadian dollars ($189 million) for a 20 percent stake in the Mount Klappan coal project.
POSCO will pay 30 million Canadian dollars in advance, of which 20 million Canadian dollars would be used to fund the project, according to Fortune Minerals.
Mount Klappan, located in northwest British Columbia, is estimated to have a metallurgical coal reserve of 2.2 billion tons, with 107.9 million tons confirmed.
POSCO, the world’s No. 3 steelmaker, has been trying to buy coal and iron ore mines in Australia, Canada, Brazil and other natural resources-rich countries in a bid to secure stable supplies of raw materials for steel products.
(Yonhap News)
![[From the Scene] Monks, Buddhists hail return of remains of Buddhas](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2024/04/19/20240419050617_0.jpg&u=20240419175937)
![[KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2024/04/18/20240418050645_0.jpg&u=20240419100350)
![[Today’s K-pop] Illit drops debut single remix](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=642&simg=/content/image/2024/04/19/20240419050612_0.jpg&u=)