Korea Resources to invest US$6 billion in mining

SEOUL -- Korea Resources Corp., the state-owned minerals explorer, and partners plan to invest US$6 billion in mining and energy projects within eight years to attain raw materials for Asia’s fourth-largest economy.

The Seoul-based company, which plans to commit US$1.8 billion, is targeting Africa and South America for uranium and copper, Chief Executive Officer Lee Han Ho said in an interview broadcast Thursday on Bloomberg Television. The rest may come from local companies and the National Pension Service of Korea, he said.

Subscribe to The China Post and save.  Click hereSharePrintEmail
Write a Comment



CAPTCHA Code Image
Change the code
 Receive China Post promos Respond to this email
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Guide  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   English Courses  |   Terms of Use  |   Sitemap