ID :
19227
Fri, 09/12/2008 - 14:01
Auther :
Shortlink :
http://m.oananews.org//node/19227
The shortlink copeid
LG Corp. to develop coal mine in China
SEOUL, Sept. 12 (Yonhap) -- South Korean trading company LG Corp. said Friday it will invest 32 billion won (US$29 million) to develop a coal mine in Inner Mongolia, China.
LG plans to take part in new share offerings of its wholly-owned energy unit
Resources Investment (H.K.) Ltd. to carry out the investment, LG said in a
regulatory filing.
In April, LG signed a preliminary deal with Oman Oil Co., an Omani state-run
investment firm, to set up a joint venture aimed at securing coal mines overseas.
LG plans to take part in new share offerings of its wholly-owned energy unit
Resources Investment (H.K.) Ltd. to carry out the investment, LG said in a
regulatory filing.
In April, LG signed a preliminary deal with Oman Oil Co., an Omani state-run
investment firm, to set up a joint venture aimed at securing coal mines overseas.
