Energy / Natural Resources Business
Marubeni's Natural Resources Business (Metals & Mineral / Energy Resources)
• Copper Business in Chile: Marubeni's Equity Copper -- 125 kilo tons.
• Coal Business in Australia: Marubeni's Equity Coal -- 5.8 million tons.
• Expanded Portfolio of Crude Oil and Gas Concessions Worldwide: Marubeni's interest -- Annual production for Fiscal 2011/03 36,000 barrel/day.
• Qatar LNG project: Since the first shipment in 1997, Marubeni has continued to provide a stable supply to Japan -- 6 million tons/year.
Metals
Major Activities in Fiscal 2011/3
• Acquisition of mining usufruct right of a new copper mine in Chile (Mirador).
• First shipment of copper concentrates from Minera Esperanza
Marubeni's Equity Metal (Capacity) : increased to 125 kilo tons from 65 kilo tons (January 2011~).
• Decision to expand Lake Vermont Coal Mine in Australia (Capacity to be doubled by 2013).
Recent Topics
Acquire Interests in Australia's Codrilla Deposit (Announced on May 16, 2011)
• Contract to acquire a 7% interest in the Codrilla Deposit from Macarthur Coal Limited and CITIC Resources Holdings Limited.
• This project contributes to the raw material stability procurement of each blast furnace company.
Marubeni's equity coal (capacity): To be increased to 7.7 million tons from 5.8 million tons (including the portion from expansion of Lake Vermont projected in 2013).
Energy
Major Activities in Fiscal 2011/3
• Acquisition of Interests in the Gulf of Mexico Oil and Gas Fields from BP.
Recent Topics
Participation in the Niobrara Shale Oil Project (Announced in April 2011)
• Marubeni has entered into an agreement with Marathon Oil Corporation, a U.S. major oil and natural gas company to acquire 30% working interest in the Denver Julesburg Basin Niobrara shale oil play for approx. US$270 million, covering 180 thousand net acres of oil and gas leases pertaining to this deal located in Colorado and Wyoming.
