SK Networks agrees to take 40% stake in Cockatoo Coal

Korea's SK Networks plans to inject $331 million of equity funding into Australian miner Cockatoo Coal.

SK Networks agrees to take 40% stake in Cockatoo Coal
Cockatoo's Baralaba open pit coal mine, which is under expansion

Asian companies continue to make their presence felt in the scramble for the world’s natural resources. China’s acquisitiveness is closely recorded, but other countries within the region are also keen to secure supplies and make investment returns. Korea, with its large industrial base and urban population, has become a significant player, especially since Korea National Oil’s $2.8 billion purchase of UK-based Dana Petroleum in 2010.

The country’s conglomerates and state-owned enterprises are...

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