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News Release

FY2013

December 4, 2013

JX Nippon Mining & Metals Corporation

Completion of KORYU - The Copper Concentrate and Sulfuric Acid Carrier

Nippon Marine Co., Ltd. (head office: Shimbashi 5-chome, Minato-ku, Tokyo; president: Shinichi Igata; hereinafter “Nippon Marine”), a subsidiary of JX Nippon Mining & Metals Corporation (head office: Otemachi 2-chome, Chiyoda-ku, Tokyo; president: Yoshimasa Adachi; hereinafter “JX Nippon Mining & Metals”), had completed construction of a new copper concentrate and sulfuric acid carrier “KORYU” , and held a naming ceremony of the KORYU on December 3, 2013.

To raise the efficiency of transport related to the export of sulfuric acid from Japan to Chile and the import of copper concentrate from Chile to Japan, the JX Nippon Mining & Metals Group has employed a copper concentrate and sulfuric acid carrier, the Mar Camino which set sail in September 2010. Being followed by the Mar Camino, the KORYU was built. Launching the KORYU into service along with the Mar Camino, Nippon Marine plans to transport about 400,000 tons of copper concentrate annually from Chile to Pan Pacific Copper Co., Ltd.’s Saganoseki Smelter & Refinery, Hibi Kyodo Smelting Co., Ltd.’s Tamano Smelter, and LS-Nikko Copper Inc.’s Onsan Smelting Plant (South Korea), as well as transport about 240,000 tons of sulfuric acid annually from the Saganoseki Smelter & Refinery to Chile.

The Group plans to commence copper concentrate production at the Caserones Copper and Molybdenum Deposit in Chile, in 2014. We expect the ships will be able to help stably supply copper concentrate and sulfuric acid between Japan and Chile, to further raise the logistical efficiency of the copper business of the Group.

(Reference)

A. The KORYU

(1) Gross Tonnage: 30,476
(2) Deadweight Tonnage: 53,762
(3) Cargo Hold Cubic Capacity: Concentrate holds (5 hatches, 5 holds): 36,737m3
Sulfuric acid tanks (6): 16,929m3
(4) Cargo Capacity: Copper concentrate: approximately 50,000 tons
Sulfuric acid: approximately 30,000 tons
(5) Flag: Republic of the Marshall Islands

B. The Mar Camino

(6) Gross Tonnage: 30,454
(7) Deadweight Tonnage: 53,862
(8) Cargo Hold Cubic Capacity: Concentrate holds (5 hatches, 5 holds): 36,790m3
Sulfuric acid tanks (6): 16,929m3
(9) Cargo Capacity: Copper concentrate: approximately 50,000 tons
Sulfuric acid: approximately 30,000 tons
(10) Flag: Republic of the Marshall Islands

C. Nippon Marine Co., Ltd.

(11) Head Office: 22-10, Shimbashi 5-chome, Minato-ku, Tokyo
105-0004, Japan
(12) Shareholders: JX Nippon Mining & Metals Corporation: 98%
PPC Logistics Co., Ltd.: 2%
(13) President: Shin-ichi Igata
(14) Business Lines: Marine transportation and coastal services

The president Adachi (left) in front of the KORYU
The president Adachi (left) in front of the KORYU

Naming ceremony of the KORYU
Naming ceremony of the KORYU