Daewoo International (SEO:047050) to Invest in Australian Coal Mine

  Seoul, South Korea, Aug 25, 2009 - (ABN Newswire) - South Korea's trading firm Daewoo International Corp. (SEO:047050) will set up an affiliate in Australia this year to buy a 5% stake in a bituminous coal mine. The new entity, named Daewoo International Australia Holdings, will invest in the Narrabri coal mine owned by Australian mining company Whitehaven Coal Ltd.Early this month, the state-run Korea Resources Corp.  

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