Mineral Resources

Our business unit is active in various fields, including mineral resources, ferroalloys manufacturing, and commodity trading.

In the mineral resources field, our portfolio includes coal, iron ore and non-ferrous metals such as copper and gold. Our trading activities encompass areas such as carbon products and ferrous raw materials.

Sumitomo Corporation Group has formed Joint Ventures with major mining companies such as Glencore. Our major assets are Oaky Creek, Hail Creek (both coking coal mines), Clermont (thermal coal mine) and Northparkes (copper and gold mine), all located in Australia. Sumitomo Corporation have set our decarbonization policy, with no further investment in thermal coal mining interest and aim to achieve zero production in thermal coal mines by the end of 2020s.

In Sarawak Malaysia, we made an investment in Sakura Ferroalloys where we produce 250,000 tons of ferroalloys annually at full production capacity to support the global steel industry. In Singapore, we have three mineral resources trading companies, namely Summit Energy & Resources which is an iron ore and thermal coal trading company and Aegis Energy Trading, a coal trading joint venture with Indonesia’s Astra Group. And Ore & Metal Singapore, an iron ore and ferro alloy trading joint venture with South African’s Assore group. These companies are supporting various industries in Asia by supplying mineral resources stably. We are also engaged in carbon materials trading in the region.

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