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Commodities Briefing - Categorized | Commodity Crisis, Trends more

Commodities Crash Washes Up In Korea

Posted on 03 February 2016

Two of Korea’s biggest companies, Samsung and Posco, are feeling the pain of the commodities-price crash which has devastated the mining and oil industries. Samsung, a broadly diversified industrial business, has been hit by a loss associated with building an iron ore mine in Australia.
Posco, a steel maker, from being an investor in the same mine. The project causing problems for the Korean corporate giants is Roy Hill, a mine controlled by one of Australia’s richest people, Gina Rinehart………………………………………..Full Article: Source


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