; 1. Purpose : For The Stable Supply Of Metallurgical Coal - POSCO - 12-28-2006
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1. Purpose : For The Stable Supply Of Metallurgical Coal - POSCO - 12-28-2006

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                                                                                                     Exhibit 99.1
< EX-99.1.

Investment in Newpac Colliery of Australia
POSA, POSCO’s Australian incorporation, acquires 10% equities of Newpac No.1 Colliery from Resource
Pacific Holdings Limited in Australia.
1. purpose : for the stable supply of metallurgical coal
2. contract date : 22. Dec. 2006
3. amount of investment : A$ 30 Million
4. expected effect : long-term procuring contract for bituminous coal of 500 thousand ton per year
     The above contents may change depending on situations

                                                             

								
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