NARRABRI, Australia -- Daewoo International Corp., Korea’s leading trading
company, is making fast progress in resources development in
Australia.
The trading firm shipped 75,000 tons of coal extracted from Narrabri, 600 kilometers northeast of Sydney, to Japan on Thursday. It was the first time Daewoo International had sold mineral products from a foreign mine it had invested in, according to the company. Daewoo International, in partnership with the state-run Korea Resources Corp., currently holds a 7.5 percent stake in Narrabri coal mine, operated by an Australian mining company, Whitehaven Ltd.
“Daewoo International has been trading mineral and energy resources so far. But this case shows that the company has started to generate new revenue from investments in resource development and exploration,” said Jeong Je-bong, chief representative of Daewoo International Sydney branch.
The trading firm shipped 75,000 tons of coal extracted from Narrabri, 600 kilometers northeast of Sydney, to Japan on Thursday. It was the first time Daewoo International had sold mineral products from a foreign mine it had invested in, according to the company. Daewoo International, in partnership with the state-run Korea Resources Corp., currently holds a 7.5 percent stake in Narrabri coal mine, operated by an Australian mining company, Whitehaven Ltd.
“Daewoo International has been trading mineral and energy resources so far. But this case shows that the company has started to generate new revenue from investments in resource development and exploration,” said Jeong Je-bong, chief representative of Daewoo International Sydney branch.
The Korea Herald
No comments:
Post a Comment