Risks in Nickel Ore Procurement Due to Resource Nationalism and Other Factors
First written in FY2016. 14 of 23 entries say "Restated". Latest entry: FY2025-H1.
Pacific Metals moved to the "Worse" side of this theme in 2016.
2 other companies' latest entry also says "Worsened".
- FY2025-H1WorsenedAnnual report
「Nickel prices on the London Metal Exchange (LME) moved relatively sharply amid various factors, including China’s slowing economy, fluctuations in foreign exchange rates and financial and capital markets, heightened tensions in the Middle East and Ukraine, and concerns over nickel ore supply following riots in New Caledonia.」
In addition to the policies and environmental regulations of resource-producing countries, concerns over the supply of nickel ore arising from riots in New Caledonia were newly identified. - FY2024RestatedAnnual report
「The Company may be unable to secure its planned procurement volume of resources due to developments in individual countries associated with the advance of resource nationalism and other factors.」
The Company continues to disclose the possibility that it may be unable to secure its planned procurement volume of nickel ore due to policies and developments in resource-producing countries as a risk. - FY2023RestatedAnnual report
「The Company currently imports its principal raw material, nickel ore, from the Philippines and New Caledonia. To ensure a stable supply, it has entered into long-term purchase agreements with the mining companies at each source. It has also taken equity stakes in the Philippine mining companies and provides each company with advice on mine development and exploration, as well as technical and financial assistance as needed.」
The Company reconfirms its policy of securing stable procurement through supplies from the Philippines and New Caledonia, long-term purchase contracts, equity participation, and technical and financial assistance. - FY2022RestatedAnnual report
「Mining companies' operating and shipping conditions were generally stable, and the Company maintained procurement sufficient to support its production and sales volumes.」
The Company states that, despite continued policy and operating risks in resource-producing countries, mining companies' operations and shipments were generally stable and procurement of the required volume was maintained. - FY2022-Q3RestatedAnnual report
「Mining companies' operating and shipping conditions were generally stable, and the Company maintained procurement sufficient to support its production and sales volumes.」
The Company reconfirms that mining companies' operating and shipping conditions were generally stable and that it maintained procurement of nickel ore sufficient to support its production and sales volumes. - FY2022-Q2MitigatedAnnual report
「The Company procures nickel ore, the principal raw material for its ferronickel products. Mining companies' operating and shipping conditions have been broadly stable, and the Company maintained procurement sufficient to support its production and sales volumes.」
As mining companies' operating and shipping conditions were generally stable and procurement sufficient to support production and sales volumes was maintained, the procurement risk associated with the suspension and subsequent recovery of operations through the previous quarter was mitigated. - FY2021-Q3RestatedAnnual report
「The Company procures nickel ore, the principal raw material for its ferronickel products. As part of measures to prevent infectious diseases, some nickel mines in source countries were forced to suspend operations for a certain period, but operating and shipping conditions have recovered, and the Company maintained procurement sufficient to support its production and sales volumes.」
Although some mines suspended operations due to the infectious disease, the Company states that its procurement volume was maintained as operations and shipments recovered. - FY2021-Q1MitigatedAnnual report
「Although some nickel mines in countries from which the Company procures ore were forced to suspend operations for a certain period, operating and shipping conditions have gradually recovered, and the Company maintained procurement sufficient to support its production and sales volumes.」
Although some mines suspended operations as a measure to control the spread of infection, the recovery in operations and shipments enabled the Company to maintain procurement sufficient to support its production and sales volumes. - FY2020WorsenedAnnual report
「As part of measures to control the spread of COVID-19, some nickel mines in countries from which the Company procures ore have been forced to suspend operations for a certain period.」
In addition to the environmental regulations and export bans imposed by resource-producing countries, some mines suspended operations as a measure to control the spread of infection, increasing uncertainty in the procurement environment. However, there was generally no impact on procurement volumes during the fiscal year. - FY2020-Q3RestatedAnnual report
「The Company procures nickel ore, the principal raw material for its ferronickel products, from the Philippines, its main source. Although the policy of tightening environmental regulations on mining in the Philippines remains in place and has affected operations at some mines, there was no impact on the Company's ore procurement volume during the cumulative third quarter of the fiscal year.」
The Company reconfirms that, although tighter environmental regulations in the Philippines continue to affect some mining operations, there was no impact on the volume of ore it procured. - FY2020-Q2WorsenedAnnual report
「The policy of tightening environmental regulations for mining in the Philippines, a major source of nickel ore, the main raw material for ferronickel products, continued to affect operations at some mines, but the Company’s ore procurement volume during the cumulative second-quarter consolidated period was unaffected. Nickel ore prices remained relatively stable after Indonesia partially eased its export ban on unprocessed ore, but moved higher in the latter half of the period after the Indonesian government announced that it would resume the policy two years earlier than planned, leaving the future price trend uncertain.」
Although there was no impact on the volume of ore procured by the Company, uncertainty in the procurement environment related to resource-producing countries increased as the Indonesian government announced that it would bring forward the resumption of its ban on unprocessed ore exports by two years, and ore prices began to rise. - FY2020-Q1RestatedAnnual report
「The Company procures nickel ore, the principal raw material for its ferronickel products, from the Philippines, its main source. Although the policy of tightening environmental regulations on mining in the Philippines remains in place and has affected operations at some mines, there was no impact on the Company's ore procurement volume during the cumulative first quarter of the fiscal year.」
Although the impact of tighter environmental regulations in the Philippines on some mine operations continued, there was no impact on the Company’s ore procurement volume. - FY2019-Q3RestatedAnnual report
「The Company procures nickel ore, the principal raw material for its ferronickel products, from the Philippines, its main source. Although the policy of tightening environmental regulations on mining in the Philippines remains in place and has affected operations at some mines, there was no impact on the Company's ore procurement volume during the cumulative third quarter of the fiscal year.」
Although tighter environmental regulations in the Philippines affected operations at some mines, the Company reaffirms that its ore procurement volume was unaffected. - FY2019-Q2RestatedAnnual report
「The policy of tightening environmental regulations for mining in the Philippines, a major source of nickel ore, the main raw material for ferronickel products, continued to affect operations at some mines, but the Company’s ore procurement volume during the cumulative second-quarter consolidated period was unaffected.」
Although tighter environmental regulations in the Philippines affected operations at some mines, the Company reaffirms that its ore procurement volume during the cumulative second-quarter period was unaffected. - FY2019-Q1RestatedAnnual report
「The Company procures nickel ore, the principal raw material for its ferronickel products, from the Philippines, its main source. Although the policy of tightening environmental regulations on mining in the Philippines remains in place and has affected operations at some mines, there was no impact on the Company's ore procurement volume during the cumulative first quarter of the fiscal year.」
Although tighter environmental regulations in the Philippines affected operations at some mines, the Company reaffirms that its procurement volume was unaffected. - FY2018-Q3RestatedAnnual report
「Although some mines remained subject to orders or recommendations to suspend operations as environmental regulations for mining were tightened in the Philippines, a major source of supply, the Company’s ore procurement volume during the cumulative third-quarter consolidated period was unaffected.」
The Company reaffirms that orders and recommendations to suspend mining operations due to environmental regulations in the Philippines continued, but did not affect its ore procurement volume during the cumulative third-quarter period. - FY2018-Q2RestatedAnnual report
「Regarding procurement of nickel ore, the primary raw material for ferronickel products, some mines in the Philippines, a major source of supply, remain subject to orders or recommendations to cease operations due to stricter environmental regulations governing the mining industry. However, this had no impact on our ore procurement volume during the six months ended the second quarter.」
The Company reaffirms that orders and recommendations to suspend mining operations due to environmental regulations in the Philippines continued, but did not affect its nickel ore procurement volume. - FY2018-Q1RestatedAnnual report
「Procurement of nickel ore, the primary raw material for ferronickel products, has been affected by stricter environmental regulations governing the mining industry in the Philippines, a major source of supply. Some mines continue to be subject to orders or recommendations to cease operations, but this had no impact on our ore procurement volume during the three months ended the first quarter.」
The Company reaffirms that orders and recommendations to suspend mining operations due to environmental regulations in resource-producing countries continued, but did not affect its procurement volume. - FY2017RestatedAnnual report
「Regarding nickel ore procurement, some mines in the Philippines, a major source of supply, have received orders or recommendations to suspend operations as environmental regulations for mining were tightened, but the Company’s ore procurement volume during FY2017 was unaffected.」
Orders and recommendations to suspend operations at Philippine mines continued, but the Company’s ore procurement volume in FY2017 was unaffected. - FY2017-Q3WorsenedAnnual report
「Regarding nickel ore procurement, some mines in the Philippines, a major source of supply, have been ordered to suspend operations because they failed to meet certain environmental and welfare standards as environmental regulations for mining were tightened. Other mines have been advised to suspend operations, but the Company’s nickel ore procurement volume during the cumulative third-quarter consolidated period was unaffected.」
Some mines in the Philippines progressed to a situation in which they received orders or recommendations to suspend operations, but the Company’s ore procurement volume during the cumulative third-quarter period was unaffected. - FY2017-Q2MaterialisedAnnual report
「Regarding nickel ore procurement, some mines in the Philippines, a major source of supply, have already ceased operations due to stricter environmental regulations governing the mining industry because they did not meet certain environmental and welfare standards. However, this had no impact on procurement volume during the six months ended the second quarter.」
Some mines suspended operations due to tighter environmental regulations in the Philippines, causing supply concerns to materialize, although procurement volumes during the cumulative second-quarter period were unaffected. - FY2017-Q1MaterialisedAnnual report
「The price of nickel ore, the principal raw material for ferronickel products, remained high due to concerns about ore supply arising from Indonesia's ban on exports of unprocessed ore, among other factors. Although prices showed signs of stabilizing, conditions continued to drive up costs.」
Concerns about supply arising from export restrictions in resource-producing countries have materialized, leading to high ore prices and higher costs. - FY2016First statedAnnual report
「The Company may be unable to secure its planned procurement volume of resources due to developments in individual countries associated with the advance of resource nationalism and other factors.」
The Company identifies as a risk the possibility that it may be unable to secure procurement volumes as planned due to policies and developments in resource-producing countries.