In this business field, we develop and trade raw materials for steel, electric power, non-ferrous metals, and other basic industries around the world, aiming to ensure a stable supply of materials to such industries.
In the area of iron ore, we operate Mt. Newman and other iron ore mining joint ventures in Australia with resource giant BHP. The annual production capacity of these ventures is approximately 280 million tons. In Brazil, we are the largest shareholder in a consortium of Japanese, Korean, and Taiwanese companies with equity in Congonhas Minérios, an iron ore producer affiliated with the major Brazilian steel producer Companhia Siderurgica Nacional (CSN).
We have been operating these businesses to strengthen supply capacity in Australia and Brazil.
In coal, we are collaborating with the leading resource company Glencore to operate coal-producing joint ventures in Queensland and New South Wales in Australia.
In addition, the Drummond Coal Mine in Colombia, in which we acquired an interest in 2011, is one of the world’s largest deposits.
We are investing in the PT Suprabari Mapanindo coking coal mine in Indonesia and Terkwa coking coal mine in Canada. We are also conducting exploration projects for coking coal in collaboration with Vitrinite in Queensland, Australia.
We will promote the development of technology to reduce emissions of greenhouse gases (GHGs) in order to contribute to the development of a sustainable society and meet social demand for stable energy supply both in Japan and abroad.
Our mining projects in Australia and Indonesia, including iron ore and coal, are centrally held by our wholly owned affiliate ITOCHU Minerals & Energy of Australia Pty Ltd for efficient operations.
In non-ferrous materials, we engage in the trading of aluminum, which helps make automobiles lighter. We are also advancing exploration of copper, zinc, lead, and other minerals to secure high-quality mining interests.
Furthermore, with ITOCHU Metals Corporation as the core, we are promoting a wide range of businesses, including non-ferrous products and iron scrap.
The recycling-related business, which is directly linked to the efficient use of resources, has become a particularly key business focus, reflecting the growing social need to reduce environmental burden through the 3Rs (reduce, reuse, recycle).