Pohang Iron and Steel Company in Pohang, South Korea is the third largest steel producer in the world.
The vice mayor said the investors are eyeing Lunao, Gingoog City as the site of the proposed nickel plant.
Emano issued the statement even as he reiterated that Cagayan de Oro has become a major convention center in Northern Mindanao with the arrival of major companies and investors to the city.
The Cagayan de Oro Chamber of Commerce and Industry Foundation Inc. (Oro chamber) concluded last week its first Oro Best Expo at one of the malls in the city that was participated in by local companies and 15 American business firms.
US trade and consular officials also cited Cagayan de Oro's increasing role in Mindanao's economy and reiterated their country's commitment for the city's development along with Misamis Oriental.
