Japan's Pan Pacific plans 1% y/y increase in H1 copper output

Mitsui Kinzoku

01/04/2022 07:52

TOKYO, April 1 (Reuters) - Pan Pacific Copper (PPC) plans to
produce 307,700 tonnes of refined copper in the first half of
the 2022/23 financial year, up 1% from a year earlier, Japan's
biggest supplier of the metal said on Friday. 
    The country's first half falls between April and September.
    PPC is 67.8% owned by JX Nippon Mining & Metals, a unit of
Eneos Holdings Inc  5020.T , and 32.2% held by Mitsui Mining and
Smelting Co Ltd  5706.T . PPC outsources smelting & refining
operations to their parents' plants.
    Following are details of the company's output plan, with
comparisons against planned production in the second half and
actual production in the first half of the 2021/22 financial
year, which ended on March 31.
     (Copper in tonnes, gold and silver in kilograms):     
          H1 FY22/23  H2 FY21/22    H1 FY21/22
  Copper     307,700     254,000       304,800
    Gold      20,500      16,800        18,000
  Silver     166,300     165,000       153,300
 
 (Reporting by Yuka Obayashi; Editing by Subhranshu Sahu)
 ((Yuka.Obayashi@thomsonreuters.com; +813-4520-1265))