JNO 30.4% 3.0¢ juno minerals limited

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  1. 716 Posts.
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    Hello everybody.
    I've got some pretty old news (2009 news)
    POSCO acquired a 16.65% stake in jms.
    Jupiter Mine was going to spend $7.5 million from POSCO on manganese and iron ore projects. And POSCO was going to buy 50% of the iron ore produced by Jms.
    Jms is now divided into jms and jno.
    jms has a manganese project jno has an iron ore project.
    And POSCO is still a major shareholder of Jms and Jno.

    I wonder if the condition that POSCO will purchase 50% of Jno's iron ore production is still valid.
 
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