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Resources Development

Stably obtaining and efficiently using the earth’s limited and valuable mineral resources

Business Overview

Mineral resources-poor Japan is mostly dependent on other countries for copper and other nonferrous metals. Copper is a metal resource indispensable to modern society. Yet for various reasons, obtaining stable supplies of copper ore has become increasingly difficult. These include its uneven distribution, country risk, and risk of price and exchange rate fluctuation, along with the growing size of development projects, lowering ore quality and difficulty of processing it, as well as the rising cost of development due to such factors as increasingly fierce global competition for resource acquisition. The resources development business is addressing this situation by becoming actively involved in promising mine development projects from the planning stage, and working to expand mining rights and interests.
A further aim is to make efficient and sustainable use of limited resources, by advancing the commercial application of original new leaching technology.

Operating Sites

Business Processes

Exploration and development phase

A long period of preparation is needed from the start of mineral deposit exploration to completion of construction, which can take ten or more years.

Operation phase

Ores are systematically mined, and are processed by suitable methods for each type of ore to raise the copper quality.

Keywords for better understanding the resources development business

Caserones Copper Mine

Operation of the Caserones Copper Mine is being carried out in Chile, South America as an all-Japan-funded project led by the JX Nippon Mining & Metals Group. Production of refined copper by the SX-EW method began at the mine in 2013, followed by copper concentrates production in 2014. The mine is expected to have a production life of 28 years, lasting through the year 2040. The average annual production volume of copper concentrates (copper content) over the initial 10 years of operation is forecasted to be 150,000 tons, with 30,000 tons of refined copper and 3,000 tons of molybdenum being produced each year. The volume of copper concentrates resulting from the project is equivalent to around ten percent of the overall Japanese import volume in terms of copper content. It is expected to contribute to the stable supply of copper resources to Japan.

Caserones Copper Mine: Overall View

Caserones Copper Mine: History of Development

May 2006 Pan Pacific Copper Co., Ltd. (in the JX Nippon Mining & Metals Group) acquired mining rights to the Caserones Copper Deposit (then called the Regalito Copper Deposit).
Economic feasibility was assessed based on drilling surveys and other studies.
September 2008 Feasibility studies were begun.
2010 The decision was made to go ahead with development. Construction was begun.
March 2013 Refined copper production by the SX-EW method was begun.
May 2014 Copper concentrates production was begun.
July 2014
  • The first shipment of copper concentrates departed, bound for Saganoseki Smelter & Refinery of Pan Pacific Copper.
  • A mine opening ceremony was held.

Construction work at the mine

Construction work at the mine

Opening ceremony (July 30, 2014)

Other mining investments

In addition to the Caserones Copper Mine, we are actively acquiring interests in other promising mines overseas, seeking not only return on investment but a stable supply of copper concentrates. These are all large-scale mines in the top ten globally in copper production volume, and it exists in Chile as well as Caserones.

Overview of mining investments

 

Los Pelambres Copper Mine (Chile)

Los Pelambres Copper Mine (Chile)

Escondida Copper Mine (Chile)

Escondida Copper Mine (Chile)

Mineral reserves Approx. 6.1 billion tons
(Copper grade 0.51%, molybdenum grade 0.016%)
(as of Dec. 31, 2016)
Copper sulfide ores approx. 25.3 billion tons
(Copper grade 0.53%)
(as of June. 31, 2017)
Oxide ores approx. 600 million tons
(Copper grade 0.60%)
Production start Jan. 2000 Dec. 1990
Volumes produced (2017) Copper content in copper concentrates 344,000 tons Copper content in copper concentrate 664,000 tons
SX-EW refined copper 238,000 tons
Our equity shares 15.79% 3%

Worldwide distribution of copper mines

A feature of nonferrous metal deposits is their being found in only certain parts of the world. Deposits of copper are concentrated in Chile, a South American country accounting for more than half of copper production volume of the world.

Technology Development