InvestorsHub Logo
Followers 6
Posts 1875
Boards Moderated 0
Alias Born 11/06/2010

Re: Lojiko post# 5164

Tuesday, 11/23/2010 10:26:30 AM

Tuesday, November 23, 2010 10:26:30 AM

Post# of 26631
Yes Lojiko, here is more Korean news:

"..The report said that Korea has been extremely active around the world in attempting to secure the long term resources to feed its factories. In this search it has had to compete with other resource consuming nations chiefly China and Japan. BMI believes that Korea will be successful in its resource acquisition strategy due to the availability of funds, well managed companies experienced in international business and the support of a proactive government with a clear vision of what is required for the future economic well being of the nation.

The Korean government has been pursuing the resource security policy through a series of Free Trade Agreements (FTA) and bilateral intergovernmental talks. An FTA with Peru could be finalized as early as November which should secure supplies of gold, zinc and tin as well as other minerals in the resource rich South American country. Advanced talks are also proceeding regarding an FTA with Australia, while in August a bilateral agreement with Bolivia will provide vast quantities of lithium for batteries for Korean electronic goods.

Read more :

http://www.commodityonline.com/news/Korea-scouts-for-more-mine-acquisitions-abroad-33719-3-1.html

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.