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Industry –Mining September 12, 2016 Naoyuki TSUCHIDA Sumitomo Metal Mining Co., Ltd. 1

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Page 1: Industry Mining - jcci.or.jp

Industry –Mining

September 12, 2016

Naoyuki TSUCHIDA

Sumitomo Metal Mining Co., Ltd.

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Page 2: Industry Mining - jcci.or.jp

Contents

Metals and Mineral Products in Peru and Trade of Mineral Products between Peru and Japan

Investment by Japanese companies in Mining sector

Long-Term Vision of Sumitomo Metal Mining

SMM’s Mineral Resources Projects

SMM’s Activities in Peru

Contributions to Local Communities

Request for Encouragement of Investment

SMM’s strategies

2

Page 3: Industry Mining - jcci.or.jp

Metals and Mineral Products in Peru and Trade of Mineral Products between Peru and Japan

3

Mining53.9%

Husbandry

Petroleum & Natural Gas

Fishing

Chemicals

Textile

Others

Peru's exports by industry

Copper Concentrate

6,608

Gold5,654

Copper Cathode1,503

Zinc Concentrate1,202

Lead1,086

Others

Mining Exports (USm$)

Chile

Indonesia

Peru11.7%

Canada

Australia

Others

Japan's copper concentrate imports by country

Australia

Bolivia

Peru20.0%

USA

Mexico

Others

Japan's zinc concentrateimports by country

China

AustraliaPeru10.3%

USA

India

Mexico

Bolivia

Kazakhstan

CanadaIreland

Others

Zinc

Chile

China

Peru8.5%

USACongo

Australia

Russia

Zambia

Canada

Mexico

Others

Copper

Source : USGS Mineral Commodity Summaries 2016 Source : SUNAT Estadisticas de comercio exterior Source : Ministry of Finance, Trade Statistics of Japan

Page 4: Industry Mining - jcci.or.jp

Investment by Japanese companiesin Mining sector

Operation mine

Antamina Mitsubishi Corporation 10.0% Cu 412ktZn 298kt

Huanzalá Mitsui Mining & Smelting 100% Zn 27ktPb 7kt

Cerro Verde Sumitomo Metal MiningSumitomo Corporation

16.8% 4.2%

Cu 256ktMo 3kt

Development project

Atalaya Mitsui Mining & Smelting 100% Zn, Pb

Quechua Pan Pacific Copper 100% Cu

Quellaveco Mitsubishi Corporation 18.1% Cu

Zafranal Mitsubishi Materials 20% Cu

Exploration project

Mitsui Mining & Smelting Co., Ltd. Sucursal Del Perú

Pan Pacific Copper Exploración Perú S.A.C.

Sumitomo Metal Mining Perú S.A.

Antamina

Huanzalá

Cerro Verde

Atalaya

Zafranal

Quellaveco

Quechua

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Page 5: Industry Mining - jcci.or.jp

Long-Term Vision of Sumitomo Metal Mining

Annual Metal Production (2015) Cupper 420kt (Electrolytic copper)

Nickel 86kt (Electrolytic nickel and Ferronickel)

Gold 22.3t

Our Targets World Leader in the Non-Ferrous Metals Industry

5

kt

0

100

200

300

2013 2014 2015 2018 2021

Cu Annual Production Interest

Target

300 kt

170 kt

280 kt

0

10

20

30

2013 2014 2015 2018 2021

t

Au Annual Production

30 t

16 t

Target

15 t

kt

0

50

100

150

2013 2014 2015 2018 2021

Ni Annual Production Capacity

100 kt

150 kt

Target

120 kt

Page 6: Industry Mining - jcci.or.jp

SMM’s Mineral Resources Projects

6

Gold Mine

Copper MineNickel Mine and Refinery

Office

Figesbal (New Caledonia)

Taganito (Philippine)

Coral Bay(Philippine)

Soroako (Indonesia)

Northparkes (Australia)

Hishikari (Japan)

Cerro Verde (Peru)Sierra Gorda (Chile)

Candelaria and Ojos del Salado (Chile)

Morenci (Arizona, USA)

Pogo (Alaska, USA)

Vancouver

Lima

Sydney

São Paulo

Santiago

Tokyo

Seattle

Page 7: Industry Mining - jcci.or.jp

SMM’s Activities in Peru

Greenfield Exploration Established Sumitomo Metal Mining Perú S.A. in 2007

Investment in Cerro Verde mine Acquired 21% equity interest in 2005 for US$265 Million

with Sumitomo Corp. (SMM:SC=80:20) Completion of the Expansion project in 2016

Copper Annual production 250ktpa ↗ 500ktpaDirect employment 2,600 ↗ 4,200

7Approx. 500m

Secondary and tertiary crusher

Fine ore bin

Page 8: Industry Mining - jcci.or.jp

Contributions to Local Communitiesby SMM Peru

Support for local community events Village festival Mother’s Day Christmas

Culture and Education Renovation of the Amano

Museum Reading competition Lecture class

Agriculture etc. Irrigation project Community center

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Page 9: Industry Mining - jcci.or.jp

SMM’s strategies

SMM recognizes Peru has one of the best mineral resource potential and attractive investment environment.

SMM focuses on gold project and intends to operate gold mine in Peru.

SMM carries out its social responsibility in every exploration project and as a shareholder of Cerro Verde to upgrade the corporate value.

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Page 10: Industry Mining - jcci.or.jp

Request for Encouragement of Investment

Transparent and efficient regulatory procedures Uncertainty concerning environmental regulations

Facilitation of investment Earlier conclusion of Peru-Japan tax treaty Introduction of Tax incentive for exploration activities Improvement of infrastructure for mining operations

Public order and Informal & Illegal miners Improvement of security situations Support for campaigns against informal/illegal miners

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Page 11: Industry Mining - jcci.or.jp

¡ Mil gracias y Bienvenidos al Japón !

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