South Korea: Complete review of “sale of overseas mines”:
Government of South Korea:
February 14,
To respond to the supply network crisis, we will completely review the “sale of overseas mines.”
Government-level supply network management:
A new committee will be established under the direct control of the president, and related funds will be introduced.
We will also reexamine the appropriateness of the sale of overseas assets of public investment that we have decided to sell.
South Korea’s overseas mineral resource development:
Ministry of Industry, Trade and Resources of Korea:
As of the first half of last year, Korean public and private companies are participating in the equity method.
The overseas mineral resource development business was counted as “94 companies excluding closed mines”.
Last year of Lee Myung-bak administration:
Compared to the end of 2012 (219 cases), it decreased by 57%.
As energy prices soar and supply network crises
It is the result of a sense of crisis that will drop out of the resource war.
Korean government
The 4th Foreign Economic Security Strategy Conference
△ Trends in the supply network
△ Sales status by business
△ Prospects for improving financial structure
We decided to reexamine the appropriateness of selling overseas mines.
Overseas mine sale policy:
In 2018, the government made a policy to sell all overseas mines of Korean public enterprises.
Since 2018, a total of four mines have been sold, including the Santo Domingo mine in Chile.
Korea Mining Corporation:
The plan was to dispose of all “15 mining interests held by the Korea Mining Corporation”.
The Importance of Nickel:
In particular, nickel, which is said to be an important raw material for the secondary battery industry, has become more important.
However, plans to sell the Madagascar Ambatobi mine, one of the world’s three largest mines, were also announced.
–KED Global
https://www.kedglobal.com/newsView/ked202202150001?lang=jp
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