HP’s Roy Hill recently chalked up 10 years with partner POSCO....

HP’s Roy Hill recently chalked up 10 years with partner POSCO.

That being said and what we all know is POSCO & PLS are already building a JV downstream in South Korea due to commission soon. It could be also possible that they could be HP’s choice of downstream partner as well.
What I find very interesting is Posco own 12.5% of Roy Hill.

Been doing some research holders to get to know hopefully our partner and not they enemy.

See below:

Roy Hill celebrated its first shipment of iron ore from Port Hedland on 10 December 2015 and has since loaded tens of millions of tonnes of shipments to key markets in Japan, Korea, China and Taiwan.

This flagship project is majority owned by Hancock Prospecting (70 per cent) with minority partners Marubeni Corporation (15 per cent), POSCO (12.5 per cent) and China Steel Corporation (2.5 per cent).