Japan Mining 2018
Japan's mining sector is small in comparison with those of other large Asia Pacific nations, with the total value of theindustry amounting to just USD3.2bn, which translates as less than 0.1% of GDP. Activity is focused almost exclusively on goldmining at the Hishikari mine, which is owned and operated by Sumitomo Metal Mining. At present we maintain a relatively healthyview regarding growth in gold production, with the company expected to expand the project in order to extend the life of the mineand new mining companies with a pipeline of projects. This development may see Japan resume its role as a net gold exporter overthe next few years as price levels stabilise and grow. Aside from this, most new developments are likely to continue to take placeoverseas as companies scour the globe in search of new deposits and mining assets. As such, we expect Japan will remain aprominent power in global mining, albeit from a distance.
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