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The world’s first vertical combination among ‘Nickel Mine - Smelting - STS Manufacturer’
SNNC was jointly established by POSCO, a global steelmaker, and SMSP, the largest nickel ore exporter in New Caledonia, with an aim to facilitate supply of nickel, the main material of stainless steel.
NICKEL MINING COMPANY(49%)
Through the structure, SNNC secured nickel ore that can be used for the next 30 years from NMC, a mine company that was established in New Caledonia, while creating a new history of ferronickel based on stabilized business structure.
It was founded in 1990 to own about 25% of nickel ore reserves in New Caledonia. As it jointly established SNNC with POSCO to engage in nickel smelting and go beyond ore export business while emerging as one of the most representative companies in New Caledonia.
POSCO was established in 1968 without sufficient capital, advanced technology and accumulated experiences before emerging as a world-renowned steel maker. As human civilization has been evolved along with advancement of steel, the path that POSCO has followed is closely related to history of development of the Korean economy.