POSCO to buy 10% stake in Australia`s Macarthur Coal

June 30th, 2008 | by InCAF! Admin | POSCO (KSE:005490), the world's fourth-largest steelmaker, said Monday that it had agreed to buy a 10 per cent stake in Australian firm Macarthur Coal Ltd (ASX:MCC) for 420 billion won (US$402 million), in a bid to secure a stable supply of the material used as fuel.

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