Energy, Metals & Minerals Company

Contributing to the World by Developing Resources and Energy and Ensuring Stable Supply

The Energy, Metals & Minerals Company comprises three divisions: the Metals & Minerals Division, the New Energy & Coal Division, and the Energy Division.
The Metals & Minerals Division operates a large supply chain consisting of operation of large-scale iron ore and alumina projects, development of mineral resources such as rare metals and base metals, and trades in steel products and non-ferrous metal products.
The New Energy & Coal Division supports critical lifelines of electric power and power. It is developing coal and uranium mines and trading on a global scale. The Division also develops and trades in new fuels for power generation, including biomass, and is involved in the trade in greenhouse gas emission credits. The solar power generation business is another important segment in the New Energy & Coal Division. The Division is consequently active in the very extensive sphere of worldwide electric power and power generation.
The Energy Division centers on the development of resources, such as crude oil and natural gas, and a supply chain in which trading bases around the world act organically. The Division also promotes the development and trading of bioethanol and other sources of energy for the future.
The activities of the Energy, Metals & Minerals Company contribute to the stable supply of resources and energy to Japan and the world and to the economic development of producer nations.

Business Fields

Mineral Resources: Iron ore, Pellet, Direct reduced iron, Non-ferrous metals, Rare metals, Rare earth, Base metals, Aluminum, Alumina , Ferro alloy and its materials

Metal Products: Steel plates, Hot & cold rolled sheets, Galvanized steel, Steel for machinery, Stainless steel, High tensile steel, Various specialty steel materials, Construction materials, Welded steel pipes, Seamless steel pipes, Steel wires, Marine steel structures, Bridges, Prefabricated steel for buildings, Rails, Non-ferrous/light metal products, aluminum rolled products, Aluminum extrusion products, Electric Wires, Optical Fiber cables, Electronic materials and products, Steel scrap, Pig iron, Metal powder, Electrodes, Activated carbon

New Energy & Coal: Coking coal, Coke, Thermal coal, Biomass, Greenhouse gas emission credits, Solar power generation businesses

Energy: Crude oil, Natural gas liquid (NGL), Gasoline, Naphtha, Kerosene, Jet fuel, Gas oil, Fuel oil, Bunker oil, Lubricant, Asphalt, Liquefied petroleum gas (LPG), Liquefied natural gas (LNG), Natural gas, Bioethanol, Biodiesel

The Growth Strategies of the Energy, Metals & Minerals Company

Strategy

Demand for natural resources continues to grow in China and other emerging countries. In this environment, the Energy, Metals & Minerals Company is working to expand its equity interests in order to secure stable supplies of natural resources and energy. In addition, we are working to build value chains based on equity interests and to create added value in trade business by leveraging the ITOCHU Group’s comprehensive strengths.

Moving forward, we will strive to secure non-ferrous metals, rare metals, rare earth metals, and other natural resources that have become increasingly difficult to procure in recent years. At the same time, in response to growing international concern with environmental problems, we will step up our activities in such areas as environmental businesses, including the trading of greenhouse gas emissions credits, as well as renewable energies, such as biomass and solar.

Related News

Feb. 3, 2012: ITOCHU and Mitsui Approve Pre-Commitment Funding to Expand Supply Capacity of Western Australia Iron Ore Operations
Nov. 24, 2011: ITOCHU Corporation Partners with KKR to Acquire Samson Investment Company
Aug. 3, 2011: Notice Concerning Completion of Acquisition of Shares in U.S. Rolled Aluminum Sheet Manufacturer & Supplier
Jul. 22, 2011: ITOCHU Announces Commencement of Production and Sales of Bioethanol in Tocantins, Northern Brazil
Jun. 16, 2011: ITOCHU Corporation Invests in Drummond Company Colombian Mines

Main Project

Iron Ore Project in Brazil: As the leader of a consortium of Japanese and Korean companies, we have obtained a 40% equity position in NAMISA, an iron ore producer and distributor in Brazil.

Oil Field Development in the Caspian Sea: In the Caspian Sea region, we hold a stake of approximately 4.3% in large-scale oil fields.

Coal Project in Australia: Jointly with Xstrata, a major resources company, we are developing a coal production business boasting an annual production volume of more than 30 million tons.

Uranium Mine Development Business in Namibia: ITOCHU has acquired a stake in Extract Resources Limited, which owns 100% of the Husab Uranium Mine, one of the world's leading uranium mines, and in Kalahari Minerals plc, the leading shareholder of Extract Resources.

Bioethanol Operations in Brazil: ITOCHU began a capital participation in a business for the production and sale of bioethanol that uses sugar cane as a raw material and sugar.

Solar Power (CSP) plants in Spain: We acquired a stake in two 50-megawatt Concentrating Solar Power (CSP) plants in partnership with Abengoa Solar.　 The plants are going to start operating in June 2012.