A $40 BILLION liquefied natural gas supply contract has crowned a sustained investment push into Western Australia by South Korean companies determined to shore up their long term supplies of key commodities.
South Korean steel maker POSCO has invested nearly $8 million in Jupiter Mines and entered into an offtake deal for up to 50 per cent of the West Perth-based company's future iron ore production.
SOUTH Korean steel giant Posco Ltd's Australian subsidiary exercised its option to invest a further $5 million in West Perth-based iron ore company Murchison Metals Ltd, increasing its interest to app
Murchison Metals Ltd today announced that strategic shareholder POSCO Australia Pty Ltd had exercised its remaining 10 million options to invest a further $5 million into Murchison Metals.
