Promoting Sustainable Resource Businesses
The Metals & Minerals Company holds resource interests centering on iron ore and coal around the world. Principal interests include iron ore in Western Australia, coal in eastern Australia, iron ore in Brazil, and coal in Colombia.
Working with leading resource companies and other excellent partners, we pursue our mission of providing a stable supply of high-quality resources to customers by honing the competitiveness of our equity interests and leveraging our trading functions while contributing to environmental protection and community development.
Notably, in Western Australia, we have been working with the leading resource company BHP since the 1960s on the development and operation of some of the world’s most competitive iron ore projects. In eastern Australia, we are engaged in a broad range of coal projects, ranging from high-quality thermal coal to coking coal, mainly with Glencore.
Going forward, we will maintain and expand our existing competitive assets while at the same time aiming for further development for the next generation by acquisitions of high-quality assets, also expanding our trading function. This will ensure stable procurement and supply, an area of materiality for ITOCHU.
(left) Coal export terminal in eastern Australia
(right) Iron ore export terminal in Western Australia (Photo courtesy of BHP)