korea to build railway from mbalam..., page-62

http://www.koreaherald.com/business/Detail.jsp?newsMLId=20110130000248

POSCO has forged agreements with African partners to spur its move to develop natural resources in the region, the world?s No. 4 steel producer said Sunday.

During a week-long visit that ended Saturday, chief executive Chung Joon-yang agreed to jointly develop an iron ore mine in Cameroon, a company statement said.

The Mbalam mine is expected to annually produce about 35 million tons of high-quality iron ore starting 2014 from a prospective reserve of 200 million tons, it added.