Sumitomo Metal Mining : FY2016 Metal Production Plans
April 01, 2016 at 12:14 am EDT
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Press Release
April 1, 2016 Sumitomo Metal Mining Co., Ltd.
FY2016 Metal Production Plans
FY2016
Unit
1H
2H
Total
Electrolytic
copper
t
225,800
219,400
445,200
Electrolytic
nickel
t
32,500
32,600
65,100
Ferronickel
t
7,400
6,800
14,200
Gold
kg
9,800
9,500
19,300
Silver
kg
98,400
96,000
194,400
Influencing Factors
Regular maintenance and repair work
・Toyo Smelter & Refinery (electrolytic copper) No maintenance or repair work planned
・Hyuga Smelting Co., Ltd. (ferronickel)
Of the two kiln lines on the premises, maintenance work on one line will be carried out for 7 days in September and for 37 days over January and February, and work on the other line is scheduled to take place for 7 days in September and for 14 days over January and February.
Production Overview
・Electrolytic copper
There are no plans to implement mandatory maintenance work in FY2016, and the planned production volume will increase by 25,700t from that of FY2015 to 445,200t.
・Electrolytic nickel
Full operation is planned to continue in FY2016, and production is planned to be 65,100t - the maximum capacity of the facilities.
・Ferronickel
Plans are in place in FY2016 to shift from operation with two kilns and two electric furnaces to operation with two kilns and one furnace (the optimum production setup in terms of the current ore procurement environment) and the planned production volume is 14,200t - a 5,800t decrease in comparison with FY2015.
Reference
FY2015 Metal Production Plans
Unit
1H
2H
Total
Electrolytic
copper
t
202,400
217,100
419,500
Electrolytic
nickel
t
31,700
32,100
63,800
Ferronickel
t
10,000
10,000
20,000
Gold
kg
9,000
9,500
18,500
Silver
kg
92,200
97,600
189,800
Address inquiries concerning this Press Release to:
Sumitomo Metal Mining Co., Ltd.
Miki Kagekawa, Public Relations & Investor Relations Department TEL: 03-3436-7705
FAX: 03-3434-2215
Sumitomo Metal Mining Co. Ltd. issued this content on 01 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 01 April 2016 04:13:03 UTC
Original Document: http://www.smm.co.jp/E/uploaded_files/160401-2en.pdf
Sumitomo Metal Mining Co., Ltd. specializes in production, processing and marketing of non ferrous metals. Net sales break down by activity as follows:
- sale of non ferrous metals (70.9%): gold, copper, nickel, aluminum, zinc, etc.;
- manufacturing of electronic components and advanced materials (20.5%): primarily semiconductors;
- mineral extraction (8.2%);
- other (0.4%): primarily engineering services.