Most Popular
-
1
Dongduk Women’s University halts coeducation talks
-
2
Defense ministry denies special treatment for BTS’ V amid phone use allegations
-
3
Russia sent 'anti-air' missiles to Pyongyang, Yoon's aide says
-
4
OpenAI in talks with Samsung to power AI features, report says
-
5
Two jailed for forcing disabled teens into prostitution
-
6
Trump picks ex-N. Korea policy official as his principal deputy national security adviser
-
7
South Korean military plans to launch new division for future warfare
-
8
Gold bars and cash bundles; authorities confiscate millions from tax dodgers
-
9
Kia EV9 GT marks world debut at LA Motor Show
-
10
Teen smoking, drinking decline, while mental health, dietary habits worsen
[THE INVESTOR] Korea Resources Corp. is putting its stake in three soft coal mines in Australia for sale, the book value of which exceeds 150 billion won (US$133.93 million), according to Korea Economic Daily on Aug. 30.
KORES has posted requests for proposal to select a sales manager and plans to accept letters of intent by Sept. 21. The preferred bidder will be announced on Oct. 5 and the sale will be completed by the end of 2017.
The public enterprise owns 25 percent stake in Springvale coal mine, 4 percent stake in Mulaven, and 2.5 percent stake in Narrabri.
KORES acquired the Springvale coal mine stake in 2002 and as of last year, the book value was 105.9 billion won. It acquired Mulaven stake in 2008 worth 26.3 billion won and Narrabri stake in 2009.
By Hwang You-mee (glamazon@heraldcorp.com)
KORES has posted requests for proposal to select a sales manager and plans to accept letters of intent by Sept. 21. The preferred bidder will be announced on Oct. 5 and the sale will be completed by the end of 2017.
The public enterprise owns 25 percent stake in Springvale coal mine, 4 percent stake in Mulaven, and 2.5 percent stake in Narrabri.
KORES acquired the Springvale coal mine stake in 2002 and as of last year, the book value was 105.9 billion won. It acquired Mulaven stake in 2008 worth 26.3 billion won and Narrabri stake in 2009.
By Hwang You-mee (glamazon@heraldcorp.com)
