Japanese trading companies stand out from distrusts between Australia and China, using the rift to win a significant investment in a range of Australian resources, which may have been a series of major investments that have attracted Chinese companies before.
Last month, Mitsui received a $5.3 billion acquisition of a 40% stake in a world-class but undeveloped iron ore project, a highlight of Japan's ranking of resources invested in Australia, the largest investment Mitsui has ever made.
Iron ore stocks at the Parker Point Export Loading Facility in Western Australia. (photo … More
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Mitsubishi, Sumitomo and Sojitz have also been on exposure based on Australian resources, especially in the energy and key metals sectors.
Japan is a long-time investor in Australian resources and has been crowded by China for several years, but the trade dispute four years ago banned imports of some Australian raw materials, acidifying the relationship and having a huge impact on Japan's return.
The countries that the two countries have long-standing ties with the United States are strengthening close ties between Australia and Japan, which has become increasingly distrustful of China.
Sojitz, who led the crucial metals 15 years ago to Australia’s leader in the field, provided capital to help build MT Weld Mine in Western Australia and continue to raise funds to cover the costs of expanding the business, which has become the world’s largest rare earth producer outside the world.
United States Connect
The Lynas and the U.S. Department of Defense have provided solutions to the wastewater treatment problem for Lynas and the U.S. Department of Defense, on the planned Seadrift Rare Earth Processing plants, Lynas built by Lynas in Texas, the Japan/Australia connection on rare earths has also attracted US interest.
The plunge of Japanese companies going deep into Australian resources is not only beyond simple purchases of raw materials, although these deals also bought a 30% stake in the Blackwater coal mine as Japan Steel and JFE Steel expanded last year, Woodside Energy sold 15.1% interest on the Scarborough gas project, a large Japanese power company, Jera.
Australian coal is railed to ports and shipped to Asia. Saeed Khan/AFP Photography (via Getty … More
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The growing interest of Japanese trading companies in early resource exploration and project development shows that the future is closer to Australia's future.
Mitsui's investment in the Rhodes Ridge Mine is the deal, which will eventually see a dormant asset for 50 years and is produced through the construction and future operations of the mine managed by Australia's leading iron ore miner Rio Tinto.
Mitsubishi has at least two Australian resource deals in the early stages of the program, an understanding of Australia's holy grail mining of Gonneville Palladium, Nickel, Cobalt and Copper Project and Goongarrie Nickel Project, and in partnership with Sumitomo and Ardea Company, Ardea Resources.
Seeking key metals
Gonneville attracted Mitsubishi because it was seen as a future source of metals and was considered crucial to the supply of palladium controlled by Russia and South Africa, while nickel, cobalt and copper are key elements in rechargeable batteries.
Australian nickel attracts Japanese investment, partly because China dominates Indonesia … More
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Goongarrie is a pure nickel opportunity that has been in the exploration and evaluation stage for 30 years, but is currently working to complete the identified feasibility study, which could lead to the construction of mines that can compete with Indonesia's low-cost nickel mines, which are largely under control by China.
The Australian government's participation in Australian resources has increased, and the Australian government has also closely monitored China's investment in key metals, sparking controversy with Chinese investors in northern minerals, an Australian company that has proposed to launch a Long-range rare earth project in the Northern Territory.
Divestment order
Last year, the Australian government ordered five Chinese investors in northern minerals to sell their shares, but not everyone complied with the failure to comply with the Australian government's concerns.
Earlier this month, the rare earth dispute with China received further attention when Australian Defense Minister Linda Reynolds accused China of manipulating key mineral sectors.
This is like the trade conflict four years ago, and the current dispute involving minerals in the north has opened up Australia's resources.
