South Korea's third largest refiner S-Oil also attributed this to poor refining margins and loss of sales revenue from the won's appreciation against the dollar. In its presentation Wednesday, the company said Singapore complex margins fell to $1.10/b in Q2 from $1.70/b in Q1.
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Korea Zinc is still on the LBMA's current Good Delivery List for silver. However, the Korea Zinc refinery still produces gold . South Korea's official gold reserves. The Bank of Korea, South Korea's central bank, holds 104.4 tonnes of gold in its official foreign reserve assets.
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Hanwha Total Petrochemical, a 50/50 joint venture between Total and Hanwha, will invest nearly $500Mn to further expand its Daesan integrated refining and petrochemical complex in South Korea. The planned investment will increase polypropylene capacity …
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