Yokohama Marine Mining will hold a Conference with its third quarter financial results and provide an update on its current projects and future plans.
Online PR News – 25-September-2020 – YOKOHAMA – Yokohama Marine Mining’s conference will be held on Monday 12th October 2020 at Yokohama Marine Mining’s global headquarters in Yokohama and will feature detailed discussions on the current economic climate amid the COVID-19 pandemic and how it has affected global businesses.
Yokohama Marine Mining’s Chief Financial Officer, Mr. Christian Archer commented on the upcoming conference saying “Despite the global economic issues due to COVID-19, Yokohama Marine Mining remains fully committed to acquiring new projects and completing current projects. Whilst we were working at reduced capacity, the production levels were still ongoing.”
“Yokohama Marine Mining’s strategy is focused on developing high-value assets in the deep ocean mining industry with the potential to deliver returns to our investors. We will address as many issues related to financial matters for our investors and also elaborate on future seafloor mineral projects of gold, cobalt, phosphate, nickel, copper and rare earths,” added Christian Archer, Chief Financial Officer of Yokohama Marine Mining.
About Us - Yokohama Marine Mining
At Yokohama Marine Mining, we have a commitment to discover, develop and produce from rare earth mineral from locations throughout the Pacific Ocean.
Japan consumes more than 30,000 tons of rare earth metals every year. The Agency for Natural Resources & Energy in Japan have placed a significant emphasis on developing production of rare earth metals in the country. They have offered numerous development grants and exploration concessions.
We focus our exploration locations in the Pacific Ocean within 500km of the coast of the islands of Japan. Having undertaken exploration of over 100, we estimate that more than 100 billion tons of rare earth minerals are available in the sediment on the ocean floor.