posco is back, page-27

Food for thought for Walbrook, hopefulone and scaary who may say that POSCO is only stating that they intend to build a mill and hydro plant in Cameroon and are not interested in the purchase of Sundance.
To what end would it serve an iron producer to build such infrastructure with no raw materials to put through such a plant. It is worth remembering that earlier this year it was POSCO that was talking to the Cameroon and Congo governments regarding Mbalam and Nabeba iron ore deposits.
I don't think they are likely to want to do the processing for the Chinese.

Ps. Not having "a dig" at anyone but is really worth thinking about, ca merlo.