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The Energy and Metal Division engages in upstream investment, distribution and trading in a wide range of energy resources, mineral resources and steel. Included are energy resources such as crude oil, natural gas, LNG, thermal coal, nuclear fuel, bioethanol; steel raw materials such as coking coal, iron ore, ferroalloys (rare metals=minor metals), and industrial minerals; the steel products business conducted through Metal One Corporation; non-ferrous metals such as copper, and aluminum; and various precious metals.
Sojitz has played an important role in ensuring stable supplies of resources to industries that drive Japan’s economy including energy, gas, and steel. We will reinforce our functions to secure and provide stable supplies of resources and make further contributions to various industries.
Under the Change for Challenge medium-term business plan covering 2012 to 2014, we will expand coal interests and develop iron ore mines as core businesses, prioritizing the allocation of management resources to these segments. Both segments are expected to continuing growing in the future, and we will reinforce our strengths. In addition, there will be even greater business opportunities in conjunction with changes in the business environment such as the LNG business which is expected to experience further increases in demand. We will strengthen our earnings foundation by carefully selecting and focusing on priority projects in growth fields.
As global conditions and the economic environment undergo continuous change, we will need human resources who can use their experience in the upstream concession business and trading business to anticipate changes and respond appropriately. We will therefore cultivate highly skilled personal with broad perspectives by implementing personnel rotations over the broadest range of fields and regions so personnel can accumulate diverse experience.