"In May 2008, Sandfire concluded a Strategic Alliance with the leading Korean-based global steel group, POSCO, after completing a 19.99% share placement to the global steel giant.
The Strategic Alliance encompasses off-take arrangements for up to 30% of the future mineral production from Sandfires project portfolio (excluding gold and diamonds) on commercial terms."
...so what happens to the off-take arrangement with POSCO now that they have sold most of their shares?
OZL Price at posting:
$10.00 Sentiment: None Disclosure: Not Held
