Black Rock Mining’s (ASX:BKT) strategic alliance partner POSCO (KRX:005490) has nominated Kim Dongjoo as a non-executive director effective from 24 February 2025.
In June 2020, Tanzanian graphite developer Black Rock formed a strategic alliance with POSCO to develop the Mahenge Graphite Project in Tanzania, including an equity investment of US$7.5 million followed by an offtake agreement plus a US$10 million prepayment facility.
As such, South Korean steel manufacturer POSCO elected its right to appoint a director to the company’s board.
Dongjoo, who holds a Bachelor’s degree in German from Hankuk University of Foreign Studies, is a senior manager at POSCO International’s Sydney office. His responsibilities include purchasing and investing in raw materials in Australia, alongside managing various investment projects.
Since joining POSCO in 2010, he has amassed more than 15 years of experience in the raw materials, investment, purchasing, and sales sectors.
Black Rock Chairman Richard Crookes says POSCO’s director nomination is an endorsement to their commitment to support the company as it builds the Mahenge Graphite Project.
“DJ is an experienced POSCO corporate executive with a range of skills which will be invaluable to the company,” Crookes says.
“The actions we’ve recently taken to expand board capabilities are well-timed, as we transition to the development of the Mahenge Graphite Project.”
POSCO, which is a South Korean steel conglomerate, is a major shareholder and offtake partner to Black Rock and is the world’s largest anode producer outside of China.
Black Rock Mining is an Australia-based graphite mining company.
Write to Aaliyah Rogan at Mining.com.au
Images: Black Rock Mining
