Giant steel company South Korean, POSCO does investment by doing purchasing of coal mine raw material from Australian coal mine company, Australian Macarthur Coal. purchasing value done by POSCO 10 per cent. this investment meant to anticipate lacking of coal mine raw material to process steel industry POSCO.

Ko Min-Jin tells, “The deal will help our company secure a stable supply of raw materials,” she said. POSCO has agreed purchasing of coal raw material from Australian Macarthur Coal, equal to $404 million.

mine investment by POSCO, be investment of continuation, the existing finite of investment done by POSCO mining exploration sector in Australian, six of coal mine and two iron ore mines.

this business done to be able to maintain coal mine supply and the increasing of demand result of coal mine exploration in Asia, as which has been done by China and India.