South Korea Mining Report Q1 2011

Date: January 22, 2011
Pages: 49
US$ 1,295.00
Report type: Strategic Report
Delivery: E-mail Delivery (PDF), Download
ID: S038A1F2F07EN

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Includes 3 FREE quarterly updates

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.
Executive Summary
SWOT Analysis
South Korea Political SWOT
South Korea Economic SWOT
South Korea Business Environment SWOT
Global Mining Outlook
Monthly Roundup: Continued Exploration Due To Strong Earnings
    Table: Expansion Plans
    Table: Tax Developments
    Table: Mining Sector Developments
Industry Trends And Development
    Table: South Korea Mining Industry, 2005-2015
Industry Trend Analysis
Steel: Upward Production Revision In 2010, Strong Growth Ahead
    Table: South Korea Crude Steel, 2004-2014
Copper: Stagnant Growth Prompts Efforts To Secure Overseas Supplies
    Table: South Korea Refined Copper, 2005-2014
Nickel: Fall In 2010 Production, Demand Will Continue To Outstrip Supply
Lead & Zinc Production To Grow Steadily
    Table: Lead & Zinc Production, 2008-2015
Uranium: Production Set To Grow Over Long Term
Regulatory Development
Political Outlook
Domestic Politics
Long-Term Political Outlook
Inter-Korean Relations
Competitive Landscape
Company Profiles
Pohang Iron And Steel Company (POSCO)
    Table: Key Company Data (Five-Year Summary)
Korea Resources
Korea Zinc
Woulfe Mining Corp
Global Assumptions
    Table: Global Assumptions
    Table: Global & Regional Real Gdp Growth % Chg Y-O-Y
    Table: Developed States, Real GDP Growth Forecast
    Table: Emerging Markets Aggregate Growth
    Table: Consensus Forecasts
Business Environment Ratings Methodology
    Table: Mining Business Environment Indicators
    Table: Weighting Of Components
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