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 also prepared to take smaller, strategic interests in exploration companies.
On Monday, SK Networks agreed to subscribe for approximately 585.1 million shares in Australian coal miner Cockatoo Coal through a private placement....
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