News Articles for Posco

S2 Resources advises that completion has occurred under the Heads of Agreement that was announced on 14th February 2018.

South Korean steel giant POSCO has signed a long-term offtake agreement with ASX-listed lithium miner Pilbara Minerals and agreed to invest in its upcoming project in Western Australia.

Two companies pursuing ambitious waste-to-energy projects in WA remain positive despite hitting problems with their original engineering partners.

Strandline Resources is scouting for partners to develop its $173 million zircon-rich Coburn project 250 kilometres north of Geraldton.

SPECIAL REPORT: Mitsui & Company, Shell and Itochu Corporation are among a swag of businesses that have made substantial investments in the state's exporting industries over the decades, showing that foreign investors can contribute without directly operating assets.

Experienced Perth business executive Dario Amaria has spoken to Business News about his plans to revive one of Western Australia's oldest building companies.

Morgan Ball will be stepping down as the managing director of BC Iron.

SPECIAL REPORT: WA's big construction companies are going through a transition phase, following the end of a major building boom.

Alwyn Vorster has joined the board of graphite hopeful Mozambi Resources but will continue in his role as chief executive of API Management, which owns the West Pilbara iron ore project.

Iron ore miner Roy Hill has officially taken control of its mine, rail and port operations in the Pilbara from lead construction contractor Samsung C&T, with the company now commencing ramp-up of production to target the nameplate 55 million tonnes per annum capacity.

Australia's largest rail freight operator Aurizon has defended its decision to carry out share buybacks rather than offering a special dividend.

The proponent of one of Perth's three waste-to-energy plants is hopeful more local councils will commit to diverting waste from landfill towards the $400 million project, following a contractual agreement with a group of long-term supporters.

South Korean steel giant Posco has sold its 15.2 per cent stake in Sandfire Resources for $129 million.

The owners of two major iron ore developments in the Pilbara have flagged changes to their timetable and ownership structure respectively, as they seek to deal with the sharp fall in iron ore prices.

The Westin Perth hotel at 480 Hay Street has been cleared to start construction, with the City of Perth's development assessment panel giving the tick to BGC Development's $500 million project last

There are not many mining projects on the cards for WA, but there are still opportunities in the sector for engineers and contractors.

Sandfire Resources managing director Karl Simich said reports in Fairfax today that its major shareholder, South Korean steel giant Posco, was attempting to offload its 15 per cent stake were mischievous.

Shares in Subiaco-based explorer TNG were up 20 per cent this morning, after the company announced it had signed a binding agreement with major Chinese steel-related raw material distributor Sinometal (Shanghai) Co., for its Northern Territory project.

Rail infrastructure company Aurizon is positive but cautious about the West Pilbara iron ore project, with chairman John Prescott saying today that, on balance, he expects the development to proceed.

THE head of South Korean giant Posco's recent Australian business developments, Richard Lee, is leaving the company with plans to establish himself in Perth.

Subiaco-based metals explorer TNG has secured $5 million through a placement to fund the definitive feasibility study on its Mount Peake vanadium-titanium-iron project in the Northern Territory.

Subiaco-based explorer TNG has taken the next step towards formal agreements with South Korean steel giant POSCO over its Mount Peake vanadium project by signing a letter of intent with Global-Pacific Partners.

Subiaco-based explorer TNG has flagged a potential financing and construction deal with South Korean steel giant POSCO for its Mount Peake vanadium project.

Continued growth of the Pilbara as an export-focused iron ore province received a huge boost today when Chinese steel giant Baosteel and Australian railway operator Aurizon teamed up to bid for the Perth company behind a $6 billion port and rail project.

NRW Holdings has won a $200 million contract for concrete and earthworks at Hancock Prospecting's Roy Hill iron ore project.

Gina Rinehart has virtually ensured her family's long-held dream of operating its own iron ore mine, securing final funding for her massive Roy Hill project.

The $10 billion Roy Hill project has received a funding boost, with the Export-Import Bank of the United States approving a $US694 million loan to purchase American-made mining equipment.

The developer of the $10 billion Roy Hill iron ore project has secured a unique insurance scheme which safeguards the project against construction delays and wage blowouts caused by cyclones on the volatile Pilbara coastline.

Gina Rinehart's Hancock Prospecting has notched up almost $2 billion in revenue and an operating profit of $601 million in the 2013 financial year, which makes it one of Australia's most lucrative private companies despite being the group's lowest profit in four years.

The $10 billion Roy Hill project remains on track to start mining next year and achieve its first iron ore exports in the third quarter of 2015, its project director said today.

Mining industry pundits bemoaning the end of the ‘boom' will be pleasantly surprised to know that up to a dozen major projects could go ahead over the coming year.

Calibre Group has won a $23 million contract on the Roy Hill iron ore project, with the work proceeding ahead of the project's debt funding being finalised.

Civil and mining contractor NRW Holdings has won a $67 million contract at Gina Rinehart's Roy Hill iron ore mine in the Pilbara.

Engineering and construction contractor Decmil Group will construct port and rail facilities for Gina Rinehart's Roy Hill iron ore mine in the Pilbara, under a $71 million contract announced today.

Engineering group Parsons Brinckerhoff has signed on as a project management consultant at Gina Rinehart's $10 billion Roy Hill iron ore development in the Pilbara.

THE past 12 months was a lean time for lawyers working in the corporate finance field, with a slump in both takeover deals and capital raisings.

Gina Rinehart's private company Hancock Prospecting Pty Ltd has belatedly revealed the scale of its income and profits by lodging annual returns for 2010 and 2011 with the Australian Securities and

Gunson Resources has struck a deal to sell a 40 per cent interest in its Coburn zircon project to Korean steel producer POSCO for $28 million.

A consortium featuring Japan's Marubeni and Korea's POSCO has confirmed it will take a 30 per cent equity stake in Hancock Prospecting's Roy Hill iron ore project in the Pilbara, in a deal that val

Across the Pilbara, in the Mid West, Yilgarn and Great Southern, WA's iron ore sector is planning substantial growth.