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Nation to Import Mineral Resources from NK

Written: 2006-12-26 11:03:10Updated: 0000-00-00 00:00:00

Nation to Import Mineral Resources from NK

A South Korean corporation has resumed operations to develop mineral resources in North Korea.

The Korea Resources Corporation says it is making preparations for production in a graphite mine in South Hwanghae Province, the site of South Korea’s first project to develop mineral resources in the communist state.

An official at the state-run corporation said first shipments will arrive in the South after trial operations are concluded this week.

The mine is expected to produce around three-thousand tons of graphite annually, with around 18-hundred tons to be imported by the South.

The two Koreas signed an accord in 2003 to invest around ten-million dollars in the development of the mine, but production was halted after the North’s nuclear test in October.

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