24
Sep
14:06
Posco gains from Australian iron ore mine assets
South Korean steelmaker Posco says it will see the first profit from its Australia joint venture subsidiary Roy Hill mine next month. It estimates this at AUD 60 million ($42.2m), Kallanish notes.
This is because the board of Roy Hill Holdings has decided to pay a total of AUD 475m to its investors in dividends, citing improved financial health and robust earnings. Roy Hill is 70% owned by Hancock Prospecting, with the balance held by a consortium including&n…
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Anonymous
Very good overview of the weekly steel market.
Anonymous