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South Korean firm inspects Australian coal projects

Mr Oh Joon Kwon CEO of POSCO has visited coal mining projects in Australia in which the company is investing.

POSCO confirmed that Mr Kwon examined current issues faced by the project sites and mapped out a plan to reinforce the company’s competitiveness in the steel industry by enhancing POSCO’s self sufficiency in raw materials.

Mr Kwon personally visited the Hume Coal project site located in New South Wales in Southeastern Australia and offered employees words of encouragement to the workers and project managers at the site.

POSCO plays a key role in the Australian raw materials industries. In 2013, the company purchased AUD 6 billion of raw materials representing almost 30% of Australia’s exports to Korea.

Source – World Coal


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