TABLE 9 |
JAPAN: MAJOR OVERSEAS DEVELOPMENT PROJECTS OF
NONFERROUS METALS MINES IN THE 1990s, AN UPDATE IN 2003 |
|
|
|
Australia |
|
|
|
|
McArthur River, Northern |
|
|
|
Canada, British Columbia |
|
|
Territory |
|
Northparkes, New South Wales |
|
Mount Polley1 |
|
Huckleberry |
Nature
of project involvement |
Investment in exploration |
|
Investment in exploration |
|
Equity participation |
|
Equity participation and |
|
|
and development |
|
and development |
|
|
|
provided loan. |
Participating Japanese |
|
Nippon Mining and Metals |
|
Sumitomo Metal Mining |
|
Sumitomo Corp., 0%2 |
|
Mitsubishi Materials Corp., |
companies and their |
|
Co. Ltd., 15%; Mitsui and |
|
Oceania Pty., 13.3%; and SC |
|
31.25%; Dowa Mining Co. |
equity share |
|
Co. Ltd., 5%; Mitsubishi |
|
Mineral Resources Ltd. |
|
Ltd., 6.25%; Furukawa Co. |
|
Materials Corp., 5%; and |
|
of Australia, 6.7% |
|
Ltd., 6.25%; and Marubeni |
|
|
Marubeni Corp., 5% |
|
|
|
|
|
Corp., 6.25%. |
Majority
equity holder and/or |
Mount Isa Mines Ltd. of |
|
North Broken Hill Peko Ltd. |
|
Imperial Metals Corp. of |
|
Princeton Mining Corp. of |
other equity holder |
|
Australia, 70% |
|
of Australia, 80% |
|
Canada, 100%2 |
|
Canada, 50%. |
Mineral
commodity involved |
Lead, silver, and zinc |
|
Copper and gold |
|
Copper and gold |
|
Copper. |
Estimated reserves and |
|
40 million metric tons, |
|
63.7 million metric tons, |
|
81.5 million metric tons, |
|
56.5 million metric tons, |
ore grade |
|
5.5% lead, 12.6% zinc, 55 |
|
1.108% copper, 0.487 |
|
0.3% copper, 0.42 gram |
|
0.494% copper, 0.014% |
|
grams per metric ton silver |
|
gram per metric ton
gold |
|
per metric ton gold |
|
molybdenum. |
Type
of mine |
|
Underground |
|
Open pit and underground |
|
Open pit |
|
Open pit. |
Total cost
of the project |
|
$246 million (Australian) |
|
$303 million (Australian) |
|
$123 million (Canadian) |
|
$136 million (Canadian). |
Japanese share |
|
$22 million (Australian) |
|
$75.6 million (Australian) |
|
$109 million (Canadian) |
|
$78 million (Canadian). |
Annual production capacity |
|
1,270,000 metric tons of |
|
3,934,000 metric tons of |
|
6,500,000 metric tons of |
|
7,145,600 metric tons of |
|
crude ore containing |
|
crude ore containing 1.73% |
|
crude ore |
|
crude ore contining |
|
6.1% lead, 15.4% zinc |
|
copper plus 0.88 gram per |
|
0.502% copper, 0.013% |
|
|
|
|
ton gold |
|
|
|
molybdenum. |
Annual shipment to Japan |
|
3,284 metric tons of lead |
|
27,985 metric tons of copper |
|
15,000 metric tons of |
|
28,277 metric tons of copper |
|
and 17,999 metric tons of |
|
in concentrate |
|
copper in concentrate |
|
in concentrate. |
|
zinc in mixed concentrate |
|
|
|
plus gold value |
|
Construction started |
|
August 1993 |
|
May 1993 |
|
September 1996 |
|
1996. |
Production
started or planned |
September 1995 |
|
October 1995 |
|
June 1997 |
|
October 1997. |
|
|
Chile |
|
|
|
Region III |
|
|
|
|
Collahuasi, Region I |
|
La Candelaria, Region III |
|
El Bronce (Atacama Kozan) |
|
Los Pelembres, Region IV |
Nature
of project involvement |
Equity participation and |
|
Investment in exploration |
|
Investment in exploration |
|
Equity participation. |
|
|
provided loan |
|
and development |
|
and development |
|
|
Participating Japanese |
|
Mitsui and Co. Ltd., 6.9%; |
|
Sumitomo Metal Mining |
|
Nittetsu Mining Co. |
|
Nippon Mining and Metals |
companies and their |
|
Mitsui Mining and |
|
Arizona Inc., 15%; |
|
Ltd., 60% |
|
Co. Ltd., 15%; Mitsubishi |
equity share |
|
Smelting Co. Ltd., 1.5%; |
|
and Sumitomo Corp., 5% |
|
Materials Corp., 10%; |
|
and Nippon Mining and |
|
|
|
Marubeni Corp., 8.75%; |
|
Metals Co., Ltd., 3.6% |
|
|
|
Mitsubishi Corp., 5%; and |
|
|
|
|
|
|
|
|
Mitsui and Co. Ltd., 1.25%. |
Major equity holder and/or |
|
Falconbridge Ltd. of Canada, |
|
Phelps Dodge Corp. of the |
|
Inversiones Errazuriz Ltds |
|
Antofagasta plc of the United |
other equity holder |
|
44%, and Anglo |
|
United States, 80% |
|
of Chile, 40% |
|
Kingdom, 55.55%, and |
|
American plc of the |
|
Anaconda Chile S.A. of |
|
United Kingdom, 44% |
|
Chile, 9.45%. |
Mineral
commodity involved |
Copper |
|
Copper and gold |
|
Copper |
|
Copper. |
Estimated reserves and |
|
1,867.7 million metric tons, |
|
366 million metric tons, |
|
20 million metric tons, |
|
1,139.7 million metric tons, |
ore grade |
|
0.93% copper |
|
0.84% copper, 0.205 |
|
1.5% copper, 0.26 gram |
|
0.74% copper. |
|
gram per metric ton gold |
|
per metric ton gold |
|
Type of mine |
|
Open pit |
|
Open pit |
|
Underground |
|
Open pit. |
Total cost
of the project |
|
$1,760 million |
|
$592 million |
|
$110 million |
|
$1,355 million. |
Japanese share |
|
$174 million |
|
$296 million |
|
$110 million |
|
$835 million. |
Annual production capacity |
|
25,600,000 metric tons of |
|
10,000,000 metric tons of |
|
1,650,000 metric tons of |
|
34,000,000 metric tons of |
|
crude ore |
|
crude ore |
|
crude ore |
|
crude ore. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Annual shipment to Japan |
|
94,591 metric tons of |
|
90,801 metric tons of |
|
15,000 metric tons of |
|
167,282 metric tons of |
|
copper in concentrate |
|
copper in concentrate |
|
copper in concentrate |
|
copper in concentrate. |
|
|
|
Construction started |
|
1996 |
|
April 1993 |
|
April 2001 |
|
November 1997. |
Production
started or planned |
January 1999 |
|
March 1995 |
|
January 2003 |
|
April 2000. |
See footnotes at
end of table. |
|
|
TABLE 9--Continued |
JAPAN: MAJOR OVERSEAS DEVELOPMENT PROJECTS OF
NONFERROUS METALS MINES IN THE 1990s, AN UPDATE IN 2003 |
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|
Indonesia, Batu Hijau, |
|
Mexico |
|
|
|
|
Sumbawa Island |
|
Tizapa, Mexico City |
|
Rey de Plata, Guerrero |
|
Peru, Antamina, Ancash |
Nature
of project involvement |
Equity participation |
|
Investment in exploration |
|
Investment in exploration |
|
Investment in exploration |
|
|
|
|
and development |
|
and development |
|
and development. |
Participating Japanese |
|
Sumitomo Corp., 26%; |
|
Dowa Mining Co. Ltd., 39%; |
|
Dowa Mining Co. Ltd., |
|
Mitsubishi Corp., 10%. |
companies and their |
|
Sumitomo Metal Mining Co. |
|
and Sumitomo Corp., 10% |
|
39%, and Sumitomo |
|
equity share |
|
Ltd., 5.0%; Mitsubishi |
|
Corp., 10% |
|
|
Materials Corp., 2.5%; and |
|
|
|
Furukawa Co. Ltd., 1.5% |
|
|
|
|
|
|
Majority equity holder and/or |
Newmont Gold Co. of the |
|
Industrias Penoles SA de |
|
Industrias Penoles SA de |
|
Noranda Inc. of Canada and |
other equity holder |
|
United States, 45%, and |
|
C.V. of Mexico, 51% |
|
C.V. of Mexico, 51% |
|
Billiton plc of the United |
|
P.T. Pukuafu Indah of |
|
Kingdom, 33.75% each; |
|
Indonesia, 20% |
|
and Teck Cominco Ltd. |
|
|
|
of Canada, 22.5%. |
Mineral
commodity involved |
Copper and gold |
|
Copper, lead, and zinc |
|
Copper, lead, and zinc |
|
Copper and zinc. |
Estimated reserves and ore |
|
907.3 million metric tons, |
|
2.5 million metric tons, |
|
2.9 million metric tons, |
|
559 million metric tons, |
grade |
|
0.44% copper, 0.377 gram |
|
0.61% copper, 1.36% |
|
0.68% copper, 2.56% |
|
1.23% copper, 1.03% zinc, |
|
per metric ton ton gold |
|
lead, 6.56% zinc plus gold |
|
lead, 8.78% zinc plus |
|
and 0.03% molybdenum. |
|
|
|
and silver |
|
gold and silver |
|
|
Type of mine |
|
Open pit |
|
Underground |
|
Underground |
|
Open pit. |
Total cost
of the project |
|
$1,925 million |
|
$38.2 million |
|
$45.4 million |
|
$2,296 million. |
Japanese share |
|
$513 million |
|
$35.1 million |
|
$41.3 million |
|
$404 million. |
Annual production capacity |
|
43,870,000 metric tons of |
|
480,000 metric tons of crude |
|
330,000 metric tons of |
|
25,600,000 metric tons of |
|
crude ore containing 0.75% |
|
ore |
|
crude ore |
|
crude ore. |
|
copper and 0.44 grams per |
|
|
|
metric ton gold |
|
|
|
|
|
|
Annual shipment to Japan |
|
101,492 metric tons of |
|
22,151 metric tons of |
|
21,985 metric tons of |
|
10,579 metric tons of |
|
copper in concentrate |
|
zinc in concentrate |
|
zinc in concentrate |
|
copper in concentrate. |
Construction started |
|
September 1996 |
|
May 1992 |
|
January 1998 |
|
1998. |
Production
started or planned |
October 1999 |
|
November 1994 |
|
October 2000 |
|
June 2001. |
1Mining operations at Mount Polley were suspended in September
2001 owing to continued low copper and gold prices. |
2SC Minerals Canada Ltd. (a wholly owned subsidiary of Sumitomo
Corp.) sold its 47.5% interest in Mount Polley Copper Project to Imperial
Metals Corp. |
of Canada for $4.5
million by the end of 2000. |
|
Sources: Research Institute of Economy, Trade and
Industry (Chosakai), Mining Handbook (Kogyo Benran), 2002, p. 210-217; Japan
Mining Industry Association, |
Kozan, v. 56, no.
7, 2003, p. 10-15; Japan Oil, Gas and Metals National Corp., Atakama Kozan
Project in Chile, August 2004. |
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