Local General Trading Firms Push Ahead with Overseas Resources Exploitation

摘要

The words, 'a general trading company,' doest not appear suitable to call, when it comes to Mitsubishi, the leading general trading company in Japan, which produces 25 percent of coal in the world and is the world's third-largest enterprise in terms of liquefied natural gas (LNG) production. Its annual sales for 2004 recorded 160 trillion won including 70 trillion won, or 45 percent of the total sales, from the exploitation of such resources as crude oils and LNG. It reportedly invested 2 trillion won in the exploitation of crude oils and LNG in 2004. Most of copper mines in Chile, which account for about 30 percent of global output, are owned by Japanese general trading companies. Japanese general trading firms are easing the nation's concern about the shortage of resources through their overseas exploitation of resources. Furthermore, they are expressing their will to make more positive investments in the field of exploitation of resources in the future.