Realizing a Stable Supply of Non-Ferrous Metal Resources
Advance Copper Mine Projects and Acquire New Superior Resources
We are working to reinforce the production structures of joint venture mines to achieve and
maintain an annual copper production level of 300 kt from copper mining interests. In FY2023, we
started copper concentrate production at the Quebrada Blanca copper mine development project
in Chile, which we are undertaking in collaboration with Sumitomo Corporation and Canada-based
Teck Resources Limited, a major resource company. In combination with the Morenci Copper Mine
in the United States, the Cerro Verde Copper Mine in Peru, and other mines, total copper production
in FY2023 was 209 kt.
In FY2023, we also made a strategic investment in FPX Nickel Corp. of Canada, which is currently
developing awaruite ore as part of its new nickel ore resource exploration, to acquire new superior
resources and develop new mines for which we hold operatorship.
Advance Nickel Ore Projects and Recovery of By-Products
We are working to develop technologies and improve processes in order to expand production
volumes so that we can achieve total annual nickel production of 150 kt. In April 2024, we decided
to participate in a new project with Mitsubishi Corporation, the Goongarrie Hub of the Kalgoorlie
Nickel Project in Australia, which is wholly-owned by Ardea Resources Limited of Australia.
Meanwhile, Taganito HPAL Nickel Corporation is recovering the minute amounts of scandium
and chromite contained in nickel ore and achieved record high production volume for chromite
in FY2023.
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