News Articles for Posco

Mineral Resources is carving out a 30 per cent stake in its lithium portfolio for $1.2 billion, selling it to South Korean steelmaker POSCO under a new joint venture structure.

Iron ore from BHP's Pilbara mines would be shipped to South Korea for POSCO to test its hydrogen-based green ironmaking technology under a preliminary deal struck this week.

PLS is celebrating higher revenue and lower production costs, even as uncertainty clouds its downstream operations in South Korea.

A Victorian startup promising to underpin cost-effective green steel production has secured land in the Pilbara to operate a third-party commercial iron ore smelter.

An agreement needed to progress a $4 billion green iron plant in the Pilbara has not been nailed down, more than two years after the state government offered the land to proponents.

POSCO's proposed $4.4-billion Pilbara green iron plant has been recommended for approval by the state's environmental watchdog.

Government funding for Western Australia's key industrial estates will be doubled to $1 billion under an election promise to be delivered in Thursday's state budget.

A proposed $4.4 billion iron processing plant could strengthen the business case of other major Pilbara projects.

OPINION: Investors are voting with their wallets with big spending agendas in the Pilbara

OPINION: While much of the talk around green and red tape focuses on big business, it is worth considering what impact it has on the next rung down.

Lithium trailblazer Pilbara Minerals has flagged a statutory loss in the vicinity of $70 million for the half year, but has hit a key milestone with first ore from its P1000 expansion project.

Backers of a proposed $4 billion Pilbara iron plant have warned approval delays would likely see the project built in another country.

Three mineral processing projects in Western Australia, which aimed to use clean energy, have received a $34 million funding boost.

The WA government is yet to sign land deals for two industrial hubs nearly two years after it offered the sites to green energy and manufacturing proponents.

A $5 billion desalination plant providing water to green industries in the Pilbara is on the cards under a partnership formed between a French utilities giant and traditional owners.

Perth-based Hazer Group has signed a memorandum with South Korea's Posco over using hydrogen production technology in low carbon steel manufacturing.

The first ore from Mineral Resources' $3 billion Onslow Iron project is being loaded onto a bulk carrier ready for export on budget and ahead of schedule.

Depressed nickel prices have affected another operation in Western Australia, with mining at TSX-listed First Quantum Minerals' Ravensthorpe project to be suspended as part of a three-year plan.

The Port Hedland Green Steel project has progressed after Posco and DevelopmentWA agreed on the commercial terms over a 900-hectare site in the Pilbara.

Plans for a substantial iron ore processing facility in the Pilbara spearheaded by South Korean steelmaker POSCO have surfaced following a $70 billion state government land allocation scheme.

Galan Lithium has revealed details of a deal which it says has given it exclusive ownership of the vast Catalina tenements at its Hombre Muerto West lithium project within South America's “Lithium Triangle”. Management says it has secured ownership of the Argentinian ground that has been at the centre of a long-standing dispute by issuing 9.76 million shares to the private owner.

Land in the Pilbara has been allocated to seven companies, including Posco, BP, Fortescue and Tees Valley Lithium, hoping to build $70 billion of projects.

Senex Energy's $1 billion Atlas gas development has moved to the next stage of approvals as the company reconsiders expansion plans following major government intervention in gas markets.

Posco's plan to build a hot briquetted iron plant in Port Hedland is advancing, while other South Korean businesses are weighing WA hydrogen investments, according to Alannah MacTiernan.

Mineral Resources has formally commenced its $3 billion Onslow iron ore project and flagged further rapid growth in the business while also reporting a sharp fall in annual profit.

WA, and the Pilbara in particular, stand to benefit from federal budget funding for ‘transformational' projects.

Pilbara Minerals and joint venture partner POSCO have met key conditions needed to build a lithium processing plant in South Korea.

Hancock Group has been cleared to proceed with its largest investment into the energy sector after the federal court approved its joint bid with POSCO to acquire Senex Energy.

Surging construction activity in the lithium sector will provide increased opportunities for local workshops and sub-contractors.

Battery materials business EcoGraf has scored an offtake with South Korea's Posco, sending its shares up by more than 32 per cent.

Senex Energy has recommended shareholders back South Korean steel manufacturer Posco's $852 million takeover offer, with Gina Rinehart's Hancock Energy potentially investing.

Pilbara Minerals has emerged out of a 24-hour trading halt with finalised plans to build a $1 billion lithium hydroxide plant in South Korea.

China's not the only game in town, as recent moves in the resources sector demonstrate.

Toronto-listed First Quantum Minerals will sell 30 per cent of the Ravensthorpe nickel mine to South Korean Posco for $CAD240 million, with plans to consider battery precursor materials.

ASX-listed Macmahon Holdings has secured a $250 million mining contract in Queensland and gained a $20 million extension in works in WA.

Perth-based Macmahon Holdings has been named the preferred contractor to provide equipment hire and maintenance services at a coalmine in Queensland.

Black Rock Mining has entered into a strategic alliance agreement with South Korean industrial company Posco to develop its flagship graphite project in Tanzania.

Iron ore miner Roy Hill Holdings is taking a further leap into the world of autonomous mining, selecting Epiroc and ASI Mining to convert its fleet of 77 trucks from manned to driverless use.

Malaysian property investment group YTL Corporation has added to its Perth portfolio, with one of its subsidiaries acquiring The Westin Perth from BGC Australia in a deal understood to be worth around $200 million.

Shares in Galaxy Resources have surged after the lithium miner announced a $US280 million ($A371 million) asset sale deal with South Korean giant Posco.