POSCO Recovers Investment in Australian Iron Ore Operation
10/10/2023 - In 2010, POSCO announced a plan to join the Roy Hill iron ore mining project in Australia, an investment that at the time was the company’s largest ever investment in raw materials. The move was criticized by shareholders on grounds that wildly fluctuating ore prices made it too risky of an investment.
But it seems POSCO is laughing all the way to the bank.
According to The Korea Economic Daily, POSCO has fully recovered its initial investment in an entity that has become the world’s fifth-largest producer.
The Economic Daily has more here.
According to The Korea Economic Daily, POSCO has fully recovered its initial investment in an entity that has become the world’s fifth-largest producer.
The Economic Daily has more here.
