In this business field, we develop and trade raw materials around the world aiming to ensure a stable supply of raw materials mainly for basic industries such as steel, electric power, non-ferrous metals, and others.
In the area of iron ore, we manage Mt. Newman and other iron ore mining joint ventures in Australia with resource giant BHP. The annual production volume of these joint ventures reach approximately 280 million tonnes. In Brazil, we are the largest shareholder of a consortium consisted of Japanese, Korean, and Taiwanese companies holding 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 further strengthen the supplying ability in Australia and Brazil.
In the area of coal, we are collaborating with the leading resource company Glencore to operate coal-producing and marketing joint ventures in Queensland and New South Wales in Australia.
In addition, the Drummond Coal Mine in Colombia which we acquired an interest in 2011 is known as one of the world’s largest scaled coal mines.
Going further, we invest in PT Suprabari Mapanindo coking coal mine in Indonesia. We are also involved in conducting exploration projects for coking coal at Telkwa projecte in Canada and Vitirinite project in Queensland, Australia.
We will promote development of technologies in reducing emissions of greenhouse gases (GHGs) in order to contribute to the development of a sustainable society and to meet social demands for stable energy supplies both in Japan and abroad.
In Australia, our wholly owned affiliate ITOCHU Minerals & Energy of Australia Pty Ltd centrally holds iron ore and coal projects located in countries including Australia and Indonesia to maintain efficient operations for mineral resources development.
In the area of non-ferrous materials, we engage in trading of aluminum, which contributes in making automobiles lighter. We are also advancing exploration of copper, zinc, lead, and other minerals to secure high-quality mining interests.
Furthermore, having ITOCHU Metals Corporation as a core, we are promoting a wide range of businesses, including trading of non-ferrous products and iron scraps.
The recycling-related business, which directly links to the efficient use of resources, has become particularly a key business focus reflecting the growing social needs in reducing environmental burden through the 3Rs (reduce, reuse, recycle).