Sumitomo Metal Mining announced on Friday the firm plans 58.6 billion yen of consolidated capital expenditure in fiscal 2006 ending March 2007, decreasing by 33% from fiscal 2005 after large investments are settled for overseas mineral development projects including Cerro Verde copper mine. The firm increases the expenditure to 24.3 billion yen for electronics and advanced materials segment from 18.8 billion yen in fiscal 2005, while the firm decreases the expenditure to 6.6 billion yen from 14 billion yen for mineral resources segment and to 15.2 billion yen from 15.6 billion yen for metals segment.The parent firm plans 25.6 billion yen of non-consolidated capital expenditure in fiscal 2006, increasing by 1% from fiscal 2005. The firm will increase the expenditure to 12.4 billion yen for electronics and advanced materials segment from 10.6 billion yen in fiscal 2005. The firm expends 500 million yen for mineral resources segment and 10.8 billion yen for metals segment in fiscal 2006, which were 400 million yen and 12.8 billion yen respectively in fiscal 2005.
Japan Steel Scrap Composite Prices (Sangyo Press)01/26/2022
|51800YEN (-)||56000YEN (-)|
|451.06US$ (0.66)||487.63US$ (0.72)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)