DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/9afa1a/south_korea_mining) has announced the addition of the "South Korea Mining Report Q1 2011" report to their offering.
The South Korea Mining Report provides industry professionals and strategists, corporate analysts, mining associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on South Korea's mining industry.
South Korea has small reserves of antimony, gold, copper, iron ore, lead, molybdenum, silver, tin, tungsten and zinc. The country's domestic coal reserves have been exhausted, although it holds reasonable quantities of non-metallic minerals such as kaolin, limestone, feldspar, quartzite and mica. South Korea is one of the world's leading steel producers and a leading producer of cadmium and slab zinc. Due to the country's limited mineral reserves, supply has been unable to meet demand from the country's industrial sector. As such, South Korea is an overall net importer of mineral commodities and one of the region's main importers of coal, natural gas, nickel oxide sinter and ores and concentrates of copper, iron, lead and zinc. The current focus is on overseas exploration as the country seeks to secure supplies of raw materials to power its industrial base.
Regulatory Environment
South Korean law mandates that all land and resources come under the purview of the state, with the government determining the issuance of mining and processing licences. Given the country's small holdings of natural resources, activities are mostly focused on the processing of imported raw materials.
Most of South Korea's large coal mining, natural gas, petrochemical and petroleum refining companies are state-owned and come under the supervision of the Ministry of Commerce, Industry and Energy (MCIE). Other small, mid-sized mining, quarrying and metal processing companies are privately-owned and operated.
Key Players
South Korea's mining industry is dominated by the country's largest and the world's third largest steelmaker Pohang Iron and Steel Company (POSCO), and state-owned entities Korea Zinc and Korea Resources (Kores). Other major players in the country's key steel sector include Hyundai Steel and Dongkuk Steel. Korea Zinc is South Korea's leading lead and zinc producer, covering 46% and 68% of domestic lead and zinc production. Poongsan Corp is South Korea's leading nonferrous metals producer, while LS-Nikko Copper is the country's main copper producer.
Key Topics Covered:
- Executive Summary
- SWOT Analysis
- Global Mining Outlook
- Industry Trend Analysis
- Competitive Landscape
- Company Profiles
- Global Assumptions
- Business Environment Ratings Methodology
Companies Mentioned:
- Pohang Iron And Steel Company (POSCO)
- Korea Resources
- Korea Zinc
- Woulfe Mining Corp
For more information visit http://www.researchandmarkets.com/research/9afa1a/south_korea_mining