Metals & Minerals Company
The Metals & Minerals Company consists of two divisions, the Mineral Resources Division and the Steel, Non-Ferrous & Solar Division.
The Mineral Resources Division supports basic industries of society such as steel and electric power in terms of raw materials, and also engages in mining development and trade related to iron ore, coal, uranium and rare metals throughout the world.
The Steel, Non-Ferrous & Solar Division tackles the renewable energy business including solar power, solar heat and biomass technologies, and is active across the broad fields of electric power and power generation around the world. In addition to alumina refining projects, the division also pursues non-ferrous and base metal-related businesses with a focus on aluminum, pursues synergy with Marubeni-Itochu Steel Inc. in the field of steel products, and provides a wide range of support.
The activities of the Metals & Minerals Company contribute to the stable supply of resources and energy to Japan and world, and to the development of the global economy and environmental initiatives.
Iron ore, Pellet, Direct reduced iron, Non-ferrous metals, Minor metals, Base metals, Aluminum, Alumina , Ferro alloy and its materials
Steel, Non-Ferrous & Solar
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
Medium to Long-Term Growth Strategies(Conceptual Diagram)
We will grow by striking a balance between investment and trade, creating a stable earnings base, and taking advantage of new growth opportunities.
In the resource development business, we will strengthen our resistance to fluctuations in market prices through acquisition of prime projects that are cost competitive and have other superior characteristics, as well as continuous improvement in production efficiency of existing projects. Also, we will further expand and optimize our asset portfolio, including through the acquisition of non-ferrous resources and rare metal interests, where stable supply is an issue.
In the trading business, we will expand resource and fuel trading based on our equity interests. We will also create a value chain including manufactured product fields and leverage the collective strengths of the ITOCHU Group to create added value. Through these measures, we will develop a broad and deep flow of trade spanning upstream and downstream categories.
By strengthening ties with our strategic partner, CITIC and CP Group, we will promote collaborative projects on the resource development and trading fronts by leveraging each other’s strengths.
To ensure a stable supply of metals and mineral resources, we will work with our business partners to develop metals and mineral resources in a sustainable manner, taking into consideration the environment at development sites and harmony with local communities, and giving thorough consideration to safety in the workplace. Furthermore, we will aggressively take up the challenge of environmentally friendly businesses, including the mega-solar, biomass-related trade, and recycling businesses.
Iron Ore Project in Western Australia
Jointly with a major resources company BHP Billiton, we are developing an iron ore production business, which we plan to expand to have an annual production and loading capacity of 290 million tons.
Iron Ore Project in Brazil
As the leader of a consortium of Japanese, Korean and Taiwan companies, we participated in Congonhas Minérios, an iron ore producer and distributor in Brazil.
The exploration & development of Platinum Group Metals (PGMs) and Nickel of the Platreef Project
Jointly with Ivanhoe Mines Ltd., a Canadian resources company, we are developing a PGM mine in South Africa, which we believe will become the world’s largest underground PGM mine.
Iron Ore Sales Business in China
Jointly with Tewoo group Co., Ltd., a major trading company, we are developing iron ore businesses in China, including importing, processing and sales.
Coal Business in Australia and Indonesia
Jointly with Glencore and Whitehaven, reliable resource companies, we are developing a coal production business boasting an annual production volume of more than 30 million tons.
Coal Project in Colombia
Jointly with Drummond, a major resources company, we are developing a coal production business boasting an annual production volume of 30 million tons.
Mega-Solar Power Business in Japan
Construction of Large-scale Solar Power Plant in Oita, generating 52,500,110kWh of Power Annually, will start operation.
Long-term, Large-scale Uranium Sale and Purchase Contract in Uzbekistan
We signed a Long-term, Large-scale Sale and Purchase Contract with "Navoi Mining And Metallurgical Combinat" State Company.