Sumitomo Corporation Group has formed strategic alliances with major mining companies such as Glencore Xstrata, Rio Tinto, and Vale. We hold mining rights in and operate 1 Australian copper mine of Northparkes and 4 Australian coal mines including Oaky Creek, Hail Creek, Rolleston and Clermont. In total, we supply 40 million tons per annum of metallurgical and steaming coal combined through our joint ventures. We have been expanding our portfolios incrementally and with extensive knowledge and experience, we are seeking further investment opportunities in new resources and developing new coal supply sources in Asia.
In the field of oil trading, we work closely with our group company Petro Summit Pte. Ltd. to supply a wide variety of petroleum products including marine fuels. We are expanding our energy business particularly in the field of LNG and upstream oil and gas development.