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Steel News

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Home Steel News Posco sees optimistic outlook for Congolese resources
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Posco sees optimistic outlook for Congolese resources

27 Jan 2011 10:58 reported by Peter Gu

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Rumor reported that South Korea’s Posco would sign an official contract with Congo’s government to establish a steel mill in Congo.

The company expects to acquire rich resources of iron ore and copper in Congo through the setup of steel mill. Also, the company plans to explore the mines which own 150 million tons of iron ore.

Posco said that they did have strong interest in Africa’s resources; however, the company hasn’t decided to set up steel mill in Congo.

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