11:54 AM EST - Fortune Minerals Limited : announced that its wholly-owned subsidiary, Fortune Coal Limited. has entered into a definitive agreement to form a joint venture with POSCO Canada Ltd. and its wholly-owned subsidiary, POSCO Klappan Coal Ltd., to advance the Mount Klappan Anthracite Metallurgical Coal Project in northwest British Columbia to production. POSCAN's parent company, POSCO is based in South Korea and is one of the world's largest steel producers. Fortune Minerals Limited
shares T.FT are trading up $0.18 at $1.64.
