South Korean POSCO Holdings has announced that it has fully recovered its initial investment of KRW 1.3 trillion ($971.48 million) in the Roy Hill iron ore mine in Australia in about 13 years and nine months since January 2010.
The company received approximately KRW 85 billion ($63.5 million) in dividends, equivalent to 12.5 percent of its shares, in the third quarter this year for its investment in Roy Hill mine.
Roy Hill Mine has iron ore reserves of 2.3 billion mt and annually produces 63 million mt of iron ore.
