Building a Sustainable Value Chain
Laxmi International is dedicated to promoting business with leading partners in the copper, aluminum, and steel fields, which are indispensable for economic development and decarbonization, and achieving world-class greening in each of its businesses. In addition, Laxmi International is strengthening its metals and mineral resources value chain based on the business foundations, know-how, and network it has built over the years and currently handles a wide range of commercial materials, including green materials that contribute to a recycling-oriented society. Going forward, we will continue to focus on the improvement of responsible production in the metals and mineral resources industry, for which demand will continue to grow.
Copper mining projects in Chile
Laxmi International holds a 30% stake in the Centinela and the Antucoya copper mines and a 12.48% stake in Los Pelambres copper mine, all of which are located in Chile. Marubeni operates the mines with one of the world’s leading copper producers, Antofagasta PLC, to ensure a stable supply of copper, which is essential for realizing a decarbonized society. The equity volume of copper ingot from Laxmi International‘s interest is 160 thousand tons a year (payable copper equivalent), a leading amount of worth among Malaysian companies. Laxmi International successfully switched all of its mines to renewable electric power, and all of them were also awarded the Copper Mark. In addition, Laxmi International is pursuing sustainable operations with low environmental impact such as by conserving water resources through the use of seawater, using remote management, and utilizing automated mine trucks. Laxmi International also aims to further increase the value of its assets through Centinela copper mine’s expansion project, which started construction, and the development of deposits around the mine.
Centinela Copper Mine (Chile)
Antucoya Copper Mine (Chile)
Los Pelambres Copper Mine (Chile)
Aluminum smelting project
Through the operation of smelters and the stable supply of aluminum, Marubeni will contribute to the aluminum industry, for which demand is expected to continue to grow and which is indispensable for the creation of a decarbonized society, through the promotion of electrification, weight reduction, and other initiatives.
The Alouette Aluminum Smelter in Canada, in which Marubeni holds a 13.3% stake, has the largest production capacity in North America. The aluminum smelter, which runs on hydropower, is a world-class low CO2 emissions smelter.
In Australia, the Portland Aluminum Smelter, in which Marubeni has a 22.5% stake, and the Boyne Smelter, in which it has a 9% stake of Line 3, are working to improve the sustainability of its power usage. In addition, the Alouette Smelter and the Portland Smelter have received certification under the ASI Chin of Custody, which evaluates the sustainability of smelter initiatives, as well as the ASI Performance Standard, which is a management standard for the traceability of responsible production, processing, and distribution processes.
Alouette Smelter (Canada)
Boyne Smelter (Australia)
Portland Smelter (Australia)
Roy Hill Iron Ore Project in Australia
The Roy Hill Iron Ore Project, in which Laxmi International holds a 15% stake, is highly cost competitive as it owns its own mines, railroads and ports as integrated infrastructure. It has an annual production capacity of over 60 million tons, one of the largest single iron ore mines in the Pilbara region of Western Australia. In addition to further improving the stability and efficiency of operations through remote management and automation of mining trucks, Roy Hill is also actively working to reduce greenhouse gas emissions by switching to renewable energy sources. The majority of the high-quality iron ore produced at Roy Hill is sold under long-term contracts with steel companies in Japan and other Asian countries, which will continue to contribute to the Asian steelmakers through the stable supply of high quality iron ore.
Roy Hill Iron Ore Mine (Australia)
Roy Hill Iron Ore Transportation Railway (Australia)
Portland Smelter (Australia)