0Experience and Current Status ofJapan’s Overseas Development ofCopper Mines

JOGMEC, Who We Are.

1

JOGMEC is a new governmental organization incorporating thewhole function of the former Metal Mining Agency of Japan.

Agency of Industrial Scienceand Technology (AIST)
Ministry of Economy,
Trade, and Industry(METI)

Geological Survey of Japan(GSJ)
Japan National Oil
Corporation (JNOC)
Metal Mining Agency ofJapan (MMAJ)New Energy Development
Organization (NEDO)

merge
JOGMEC
2004 February

Copper Mine Production in Japan

2140Cu in concentrate (000t)

1201008060402001870 1880 1890 1900 1910 1920 1930 1940 1950 1960 1970 1980 1990 2000
Source: METI

Japanese Copper Production by Source

3

1,600
1,400

Ｄomestic ore

Imported ore

Scrap

Others

1961

1971

1976

1,200000 t

1,000800
600
4002000
1946

1951

1956

1966

1981

1986

1991

1996

2001

Source: METI

41500

60

1250

50

1000

40750

30

500

20250

1000
1966

1971

1976

1981

1986

Invested Mines

Financed Mines

Others

1991

1996

Percentage of Invested Mines

2001

Pe rce n ta g e000 t

Sources of Imported Copper Concentrate byJapan

Japanese Companies Involvement in Overseas
Copper Mines

MineMajor
ProductsCountry

Productionor Farm-inJapaneseEquityInterest

5Japanese Companies

MorenciCuUSA1986

15%

Sumitomo Metal Mining, Sumitomo Corp.

Escondida

Cu

Chile

1994

10%

Mitsubishi Corp., Mitsubishi Materials, Nippon Mining,others

La Candelaria

Cu

Chile

1995

20%

Sumitomo Metal Mining, Sumitomo Corp.

McArthur River*Cu

Australia

1995

30%

Nippon Mining

Northparkes

Cu

Australia

1995

20%

Sumitomo Metal Mining, Sumitomo Corp.

Huckleberry

Cu

Canada1997

40%

Mitsubishi Materials, Furukawa, Dowa Mining,
Marubeni

Collahuashi

Cu

Chile

1999

12%

Mitsui Corp, Nippon Mining, Mitsui Mining

Batu Hijau

Cu

Indonesia

1999

35%

Sumitomo Metal Mining, Mitsubishi Materials, others

Los Pelambres

Cu

Chile

2000

40%

Nippon Mining, Mitsubishi Materials, Marubeni,others

Cu, Zn

Peru

2001

10%

Mitsubishi Corp.

Cu

Chile

2003

60%

Nittetsu Mining

Antamina
Atakama Kozan**: MMAJ Related Projects

Japanese Copper Smelting & Refining Companies
Nippon Mining & Metals
66%
Saganoseki Smelter & Refinery
Hitachi Works

Pan Pacific Copper
34%

Mitsui Mining & Smelting

63.5%

Procurement of copper concentrate
Production through tolling arrangement
Marketing of refined copper

Hibi Kyodo Smelting

20.3%

Tamano Smelter & Refinery
16.2%

Furukawa
8.3%

49.3%

Mitsubishi Materials

Onahama Smelting &Refining

Naoshima Smelter & Refinery
31.2%

Dowa Mining
100%

Onahama Smelter & Refinery

Kosaka Smelting &Refining
Kosaka Smelter & Refinery

Sumitomo Metal Mining
Toyo Smelter & Refinery

Nittetsu Mining

6

Copper Smelters & Refineries in Japan

7

Smelter

Capacity 000t

Kosaka96

Onahama348

Tamano263

Naoshima306

Toyo300

Saganoseki

470

Total

1,783
Source: ICSG

Metal-Related Activities of JOGMECz Mineral Resource Information ServiceCollecting & distributing overseas resource information
9 metal-related overseas officesz Geological Surveys (Overseas, Domestic)

Satellite image analysis
Geological surveys with Japanese private companiesz Finance (Overseas, Domestic)Finance for mineral resource exploration by Japanese companiesz Technical Cooperation for Developing Countries
z Joint Basic Exploration Scheme (JBES)

8JBES Outline

9Consignment

METI

JV Agreement

JOGMEC

Partner

Operator
Exploration Expenditure
Acquiring Option of Equity

Providing Property(opportunity to exploration)
Receiving exploration results

Unincorporated JV
Tender

Exploration
Japanese Company

Detailed Exploration, Feasibility Study, Development

Contact
Kawasaki Headquarter
Business Promotion Team, Metals Exploration GroupTEL +81-44-520-8649
FAX +81-44-520-8740
jogmecjbes@jogmec.go.jp http://www.jogmec.go.jp