February 01, 2015 12:10 AM ET


Company Overview of POSCO Canada Ltd.

Company Overview

POSCO Canada Ltd. sells and distributes coal. The company is based in Vancouver, Canada. POSCO Canada Ltd. operates as a subsidiary of POSCO.

650 West Georgia Street

Suite 2350

Vancouver, BC V6B 4N9






Key Executives for POSCO Canada Ltd.

Age: 66
Compensation as of Fiscal Year 2014.

POSCO Canada Ltd. Key Developments

POSCO Canada Ltd. Reports Earnings Results for the Year Ended December 31, 2013

POSCO Canada Ltd. reported earnings results for the year ended December 31, 2013. For the period, the company reported sales of KRW 143,485 million and net income of KRW 48,611 million compared to sales of KRW 205,885 million and net income of KRW 62,584 million a year ago.

Fortune Minerals Ltd. and POSCO Canada Ltd. Provides Arctos Project Environmental Assessment Update

Fortune Minerals Ltd. and POSCO Canada Ltd. announced that their Arctos Anthracite Joint Venture has submitted a revised Project Description for the Arctos Anthracite Project to the British Columbia Environmental Assessment Office and the Canadian Environmental Assessment Agency. This revised Project Description is based on the current development plan that includes extending the Dease Lake railway line in northwest British Columbia, 150 km to the proposed mine along the existing railway roadbed. The mine plan has also been amended to reflect a three million tonne per annum production rate and to include modifications to reduce environmental impacts. The CEAA has accepted the Project Description and is seeking public comment on the environmental assessment process. The BCEAO has issued a Section 10 order that determines that the project is reviewable and requires an EA to proceed. The BCEAO has also submitted a request to the CEAA for 'substitution', which would streamline the EA process under a single regulatory body in BC, making the EA more efficient with the elimination of unnecessary duplication. A decision on substitution is expected from the CEAA by late May. If the request is approved by the federal Minister of Environment, the province would commit to fulfill the conditions for substitution which includes undertaking procedural delegation of aboriginal consultation for the project.

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