New Study: Japan Mining Report 2016

From: Fast Market Research, Inc.
Published: Thu Jun 16 2016

Japan's mining sector is small in comparison with those of other large Asia Pacific na tions, with the total value of the industry amounting to just USD3.4bn, which translates as less than 0.1% of GDP. Activity is focused almost exclusively on gold mining at the Hishikari mine , which is owned and operated by Sumitomo Metal Mining. At present we maintain a relatively healthy view as regards growth in gold production, with the company expected to expand the project in order to extend the life of the mine. This development may see Japan resume its role as a net gold exporter over the next few years as price levels stabilise and begin slowly start to grow again. Aside from this, most new developments are likely to continue to take place overseas as companies scour the globe in search of new deposits and mining assets. As such, we expect Japan will remain a prominent power in global mining, albeit from a distance.

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Key Updates And Forecasts:

In March 2016, executives of Kobe Steel Ltd, Japan's fourth-biggest steelmaker, and the State-run Japan Oil, Gas and Metals National Corp met officials in Tehran and discussed cooperation in Iran's mine and mining industries sector. This followed the signing of a Memorandum of Understanding between the Japanese and Iranian governments in January with a view to fostering collaboration on mining ventures. The agreement is reported to be worth USD10bn.

In February 2016 , Sumitomo Metal Mining (SMM) increased its stake in the Morenci copper mine in Arizona, US by an additional 13%, giving the company an overall 28% share in the project. SMM purchased the take from Freeport-McMoRan, which owns the remainder of the mine

In April, SMM said it planned to expand its global gold output to 19.3mn tonnes (mnt) during the 2016 financial year, up from 18.5mnt in 2015.

We forecast Japan's gold production grow at a steady pace during 2016-2020 to reach a little over 300,000 ounces (koz) a year by the end of the period.

The Japan Mining Report has been researched at source and features BMI Research's mining and commodity forecasts for metals, minerals and gems, covering all major indicators including reserves, production, exports and values. The report also analyses trends and prospects, national and multinational companies and changes in the regulatory environment.

BMI's Japan Mining Report provides industry strategists, service companies, company analysts and consultants, government departments, trade associations and regulatory bodies with BMI's independent forecasts and competitive intelligence on the mining industry in Japan.

Key Benefits
Use BMI's independent industry forecasts on Japan to test other views - a key input for successful budgeting and planning in this mining market.

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