August 22, 2008

Mitsui to increase metal resource investments

JMB reported that Mitsui & Co will increase the investment for metal resources to JPY 160 to JPY 170 billion for fiscal 2008 started April mainly for existing projects of iron ore and nickel compared with JPY 150 billion for fiscal 2007.

Mitsui said that it also expands the utilization of recycling resources including ferrous and nonferrous scrap. The firm tries to secure metal resources under long term strategy toward 2020.