Steelmaking Operations

Overseas Raw Material Investment of Nippon Steel

Iron ore

	Country	Shareholders		Capacity (Million tons/y)
Robe River	Australia	Rio Tinto	53.0%	70
		Nippon Steel	14.0%
		Other Japanese	33.0%
NIBRASCO	Brazil	VALE	51.0%	10
		Nippon Steel	33.0%
		Other Japanese	16.0%

Coking coal

	Country	Shareholders		Capacity (Million tons/y)
Warkworth	Australia	Yancoal	84.5%	8
		Nippon Steel	9.5%
		Other Japanese	6.0%
Bulga	Australia	Glencore	85.9%	7
		Nippon Steel	12.5%
		Other Japanese	1.6%
Moranbah North	Australia	Anglo American	88.0%	9
		Nippon Steel	6.3% (NSC 1.3%)
		Other Japanese	5.8%
Foxleigh	Australia	Middlemount South	70.0%	3
		Nippon Steel	10.0%
		POSCO	20.0%
Boggabri	Australia	Idemitsu Kosan	80.0%	7
		Nippon Steel	10.0%
		Other Japanese	10.0%
Coppabella & Moorvale	Australia	Peabody	73.3%	5
		NST	2.0%
		Other countries	21.0%
		Other Japanese	3.7%
EVR	Canada	Glencore	77.0%	25～27
		Nippon Steel	20.0%
		POSCO	3.0%

Ferroalloy

	Country	Shareholders		Capacity (Million tons/y)
CBMM	Brazil	Moreira Salles Group	70.0%	150 ktons/y
		Nippon Steel	2.5%
		POSCO	2.5%
		Other Japanese	7.5%
		Other Korean	2.5%
		Other Chinese	15.0%