39947299-4633-4962-a91d-eea056626af4.pdf

Press Release

May 12, 2016

Sumitomo Metal Mining Co., Ltd.

FY2016 Capital Expenditure and Total Investment Plans Announced

Sumitomo Metal Mining Co., Ltd. (SMM) has announced plans to undertake a total of 186.1 billion yen in investments, including capital expenditures, on a groupwide basis during the 2016 fiscal year (April 1, 2016 - March 31, 2017). The total represents an increase 2.7 times from the level of FY2015. A breakdown by business segment is shown below.

(Unit: billion yen)

FY2015

(actual)

FY2016 (current forecast)

First half

Second half

Total

Mineral Resources

11.6

3.3

3.4

6.7

Smelting & Refining

15.2

10.1

13.1

23.2

Materials

21.6

14.5

10.7

25.3

Others

2.5

1.7

1.9

3.6

Total capex

51.0

29.7

29.2

58.9

Investments in overseas mineral resources &

non-ferrous metals

projects*

18.2

119.0

8.2

127.2

Total

69.2

148.7

37.3

186.1

(Depreciation) (46.1) (24.1) (25.1) (49.2)

*Interest base

The following large-scale outlays are scheduled on a consolidated basis in FY2016:

  1. Expansion of lithium tantalate and lithium niobate substrates production:

    6.0 billion yen (total outlay: 13.5 billion yen)

  2. Expansion of lithium nickel oxide production: 5.5 billion yen (total outlay: 15 billion yen)

  3. Expansion of nickel sulfate production: 3.0 billion yen (total outlay: 5.0 billion yen)

  4. Scandium Recovery Business: 2.5 billion yen (total outlay: 4.0 billion yen)

  5. Development of newly confirmed ore body at Hishikari Mine: 0.5 billion yen

(total outlay: 3.2 billion yen)

"Investments in overseas mineral resources & non-ferrous metals projects" of

127.2 billion yen during FY2016 include an acquisition of additional interest in Morenci Copper Mine of 110.0 billion yen (equivalent to US$1 billion).

Address inquiries concerning this Press Release to:

Sumitomo Metal Mining Co., Ltd.

Hideki Motoki, Public Relations & Investor Relations Department TEL: +81-3-3436-7705

Sumitomo Metal Mining Co. Ltd. published this content on 12 May 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 12 May 2016 06:17:07 UTC.

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