South Korean steelmaker POSCO (NYSE:PKX), through its Australian unit POSCO Australia Pty. Ltd.(POSA), acquired 70% share in the Australia`s Sutton Forest Mine. The share acquisition not only raises POSCO’s self-sufficiency ratio of coal to 36% from 30% but also augments POSA’s resource-exploiting expertise.   The Sutton mine belonged to Anglo American, a global mining company, and currently ...