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 The Ferrous Raw Materials Division is engaged in several minerals and materials, fuel supply, sourcing, marketing, and shipping operations. The Division's worldwide operations supply essential minerals that help to meet the needs from the global steel and electric power companies, contributing to provide a stable supply. Our major products include coking coal, thermal coal, iron ore, stainless, specialty steels resources and uranium.
The Ferrous Raw Materials Division is taking efforts to enhance businesses for both investment and marketing operations. The Division's investment business serves as the main source of earnings to support the Division's continued growth. The division is committed to the further growth of BMA, which is the world's largest coking coal producer, and is actively investing in a wide range of business activities including the production of stainless steel raw materials and iron ore production, as well as coal and uranium production for use as fuel for electricity generation. In the sales area, MC Resources Trade & Logistics, which was established in April 2006 as a 100% sales subsidiary, is responsible for MC's trade in such ferrous raw materials as coking coke, iron ore, and stainless and specialty steels and it sells them on a global scale.
On a global scale but especially in China and other developing countries in Asia, the demand for ferrous raw materials and fuel for electricity generation has been strongly supported by an ongoing long-term growth trend. While keeping abreast of such worldwide trends, we intend to continue to proactively develop strategic businesses, through investing in resources development, and procuring, transporting, and selling raw materials.
We are currently undertaking a business development project of total development costs exceeding AUD$3 billion (approx. ¥300 billion yen) in partnership with Murchison Metals Ltd that involves the development of rail and port infrastructure for iron-ore resources in the mid-west region of Western Australia. We have also made the decision to develop Clermont Thermal Coal Mine in Queensland, Australia (starts its production in 2010) and have implemented development projects such as the iron ore production increases of CMH in Chile (increase of 400 thousand tons beginning in 2006) and IOC in Canada (increase of 900 thousand tons beginning in 2008), and establishing the No.4 Furnace of HERNIC in South Africa (finished construction in 2005, with production capacity of 160 thousand tons). Since 2001, we have also strengthened our ties with BHP Billiton, the Australian preeminent global resources company, through MDP, a Mitsubishi Corporation subsidiary formed in Australia. Having a strong relationship with major resources companies, MC widely participates in operations and other aspects of the business, effectively establishing itself as the first bona fide Japanese-owned coking coal mega-producer. We keep seeking further progress to be able to play the role as a major resource company in the world.
Coking coal for steel mills, iron ore, nickel, chromium, molybdenum, manganese, ferrosilicon, coal for use as fuel for electricity generation, uranium
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Ferrous Raw Materials Sales and Marketing Business Unit
Thermal Coal Business Unit
MDP Unit |
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Iron Ore Business Unit
Stainless and Specialty Steel Raw Materials Business Unit |
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