Sambo Mining is the main supplier of dolomite in South Korea, selling the product to the Asian steelmakers. In 2017, the production of -30mm end-product grew close to 100,000 tonnes to total of 800,000 tonnes a year. Of this, 200,00 tonnes of premium light-burnt dolomite (LBD) was produced for POSCO, one the largest steelmaking companies of the world, in addition to same amount of regular dolomite. To meet the high demand, Sambo Mining has invested heavily in developing both its dolomite mine and subsidiary’s Kwang Jin’s limestone quarry with Metso solutions
South Korea Mining News
A request was made by plaintiffs in a wartime forced labour case to seize part of the local assets.
The application for the asset seizure, if approved by the court, could further strain South Korea's already frosty bilateral relations with Japan.
Kidman will supply 12,000 tonnes of lithium hydroxide a year to the diversified chemicals company for 10 years.
POSCO's revenue in Q3 rose 9.1% from a year earlier to 16.4 trillion won, beating the analysts' estimate of 16 trillion won.
South Korea, Brazil and Argentina will benefit from the measure.
Huh Chin-kyu has become his country’s latest billionaire thanks to increasing demand for the firm’s copper coils.
POSCO was privatised in 2000, but chief executives have previously been replaced when a new administration takes office.
Japan has launched a complaint at the World Trade Organization to challenge South Korean anti-dumping duties on Japanese stainless steel bars.
In 2016, the most recent year from which data is available, 19.6 trillion won ($18.38 billion) worth of metals were extracted from recycled materials.
LG Chem to raise $224.8 mln by 2020 to set up two JVs.
Trump said the agreement "would be a wonderful deal with a wonderful ally."
Samsung C&T has approached Somika SPRL to buy cobalt produced at its Kisanfu mine in Congo after only buying copper from the company for the past four years.
South Korea's largest steel producer has acquired 4.8% stake in Pilbara Minerals, from which it will buy up to 240,000 tonnes of lithium concentrate per year.
Australian Mines said the agreement included an option for SK Innovation to buy up to 19.9% of its ordinary shares.
Pilbara Minerals has announced a potential joint venture with two South Korean companies to develop a lithium processing facility in the Asian country.
South Korea’s SK Innovation said on Thursday it has started commercial production of lithium-ion batteries with an increased portion of nickel, while reducing the usage of expensive components such as cobalt to extend battery life and cut costs.
Nineteen years ago, South Korea came precipitously close to bankruptcy.
The nation now accounts for 10% of global lithium demand and is the fourth largest global market.
The government approved the renewal of agreement for supplying up to 16.5 million tonnes (MT) of high grade iron ore to steel plants in Japan and South Korea over three years till March 2018.
ANZ predicts that as incomes rise across Asia, particularly in China and India, so will the appetite for gold rings and necklaces.
No signs of production slowdown in major coal-exporting countries.
Worries over an economic slowdown in the world's largest iron ore importer have contributed to the 21% drop of iron ore prices so far this year.
The Korea Exchange will use 1 gram units of bullion of 99.99 percent purity to spur liquidity and delivery will be in 1 kilogram bars.
Unveiling the plans last week, Samsung said it would invest in seven areas of research into new materials.