Press Release
May 12, 2016
Sumitomo Metal Mining Co., Ltd.
FY2016 Capital Expenditure and Total Investment Plans AnnouncedSumitomo 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:
Expansion of lithium tantalate and lithium niobate substrates production:
6.0 billion yen (total outlay: 13.5 billion yen)
Expansion of lithium nickel oxide production: 5.5 billion yen (total outlay: 15 billion yen)
Expansion of nickel sulfate production: 3.0 billion yen (total outlay: 5.0 billion yen)
Scandium Recovery Business: 2.5 billion yen (total outlay: 4.0 billion yen)
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.
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