Korea Resources says to invest $500m overseas projects this year: "TAVAN TOLGOI TALKS
Kim said South Korea and Japan were seeking stakes of at least 10% each in the Tavan Tolgoi project through their consortium with Russia, should the consortium win the 36% stake it has targeted from Mongolia.
The Tavan Tolgoi coal deposit, in Mongolia's south Gobi region, has estimated reserves of 6 billion tonnes of coal, including the world's largest untapped deposit of coking coal.
South Korean companies participating in the Russian-Korean-Japanese consortium also include steelmaker POSCO , utility Korea Electric Power Corp, trading firm LG International Corp and Daewoo International Corp."
'via Blog this'
