EX-99.1 2 h00285exv99w1.htm EX-99.1 AN ENGLISH-LANGUAGE TRANSLATION OF DOCUMENTS WITH RESPECT TO THE ESTABLISHMENT OF NICKEL MINE JOINT-VENTURE IN NEW CALEDONIA AND THE NICKELSMELTING JOINT-VENTURE IN KOREA EX-99.1 Establishment of nickel mine joint-venture
 

n EX-99.1.
For the economical and stable procurement of nickel, POSCO will set up joint-ventures with SMSP. Board of Director of POSCO hereby approved to move forward the establishment of the nickel mine joint-venture in New Caledonia and the nickel smelting joint-venture in Korea.
  1.   Business Plan : Establishment of nickel mine joint-venture in New Caledonia and nickel smelting joint-venture in Korea
 
  2.   Investment : U$352 Million
 
  3.   Share Structure
 
      -   Nickel Mine and Smelting Plant : POSCO 49%, SMSP 51% on each