Murchison Metals Limited (ASX:MMX) Welcomes POSCO (SEO:005490) As Biggest Shareholder
POSCO Australia is a wholly owned subsidiary of Korean steel giant POSCO (SEO:005490) (TYO:5412) (NYSE:PKX), a core customer of Murchison's 50 per cent owned iron ore producer Crosslands Resources Ltd.
Murchison Executive Chairman, Paul Kopejtka, welcomed POSCO's increased investment.
"We are delighted by POSCO's continuing strong support for Murchison in its leading role in the development of the emerging Mid West iron ore region," he said.
Murchison Metals Limited