Japan Mining Report 2016 - Business Monitor International - Industry Reports

Japan Mining Report 2016

Japan Mining Report 2016 - Business Monitor International - Industry Reports
Japan Mining Report 2016
Published May 28, 2016
46 pages — Published May 28, 2016
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Abstract:

In March ----, executives of Kobe Steel Ltd, Japan s fourth-biggest steelmaker, and the State-run Japan Oil, Gas and Metals National Corp met officials in Tehran and discussed cooperation in Iran s mine and mining industries sector. This followed the signing of a Memorandum of Understanding between the Japanese and Iranian governments in January with a view to fostering collaboration on mining ventures. ...In February ----, Sumitomo Metal Mining (SMM) increased its stake in the Morenci copper mine in Arizona, US by an additional -- , giving the company an overall -- share in the project. SMM purchased the take from Freeport-McMoRan, which owns the remainder of the mine � In April, SMM said it planned to expand its global gold output to --.-mn tonnes (mnt) during the ---- financial year, up from --.-mnt in ----. � We forecast Japan s gold production grow at a steady pace during --------- to reach a little over ---,--- ounces (koz) a year by the end of the period. ...SMM purchased the take from Freeport-McMoRan, which owns the remainder of the mine � In April, SMM said it planned to expand its global gold output to --.-mn tonnes (mnt) during the ---- financial year, up from --.-mnt in ----. � We forecast Japan s gold production grow at a steady pace during --------- to reach a little over ---,--- ounces (koz) a year by the end of the period.

...BMI View: Japan s mining sector is small in comparison with those of other large Asia Pacific nations, with the total value of the industry amounting to just USD-.-bn, which translates as less than -.- of GDP. Activity is focused almost exclusively on gold mining at the Hishikari mine, which is owned and operated by Sumitomo Metal Mining. ...Activity is focused almost exclusively on gold mining at the Hishikari mine, which is owned and operated by Sumitomo Metal Mining. At present we maintain a relatively healthy view as regards growth in gold production, with the company expected to expand the project in order to extend the life of the mine. This development may see Japan resume its role as a net gold exporter over the next few years as price levels stabilise and begin slowly start to grow again. ...This development may see Japan resume its role as a net gold exporter over the next few years as price levels stabilise and begin slowly start to grow again. Aside from this, most new developments are likely to continue to take place overseas as companies scour the globe in search of new deposits and mining assets.

...Japan is therefore likely to continue to play a central role in SMM s growth strategy as the miner looks to expand output amid stabilisation in global gold prices. In April ----, the company announced plans to increase annual global gold ore output to --.-mn tonnes during the ---- financial year, up from --.-mnt in ----, with a view to lifting production to --mnt by ----. ...

  
Source:
Document ID
1755-7984
Country
Industry
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Japan Mining Report 2016" May 28, 2016. Alacra Store. Dec 04, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Japan-Mining-Report-2016-2026-773>
  
APA:
Business Monitor International - Industry Reports. (2016). Japan Mining Report 2016 May 28, 2016. New York, NY: Alacra Store. Retrieved Dec 04, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Japan-Mining-Report-2016-2026-773>
  
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