ITOCHU Corporation (Headquartered in Minato-ku, Tokyo; Keita Ishii, President & COO; hereinafter "ITOCHU") announces an additional capital investment into ITC Platinum Development Ltd. (hereinafter "IPTD"). IPTD is a Japanese consortium established by ITOCHU, Japan Organization for Metals and Energy Security (Head Office in Minato-ku, Tokyo; Ichiro Takahara, Chairman & CEO; hereinafter "JOGMEC") and others.
ITOCHU and IPTD combined, hold a 10% interest in the Platreef Mine (hereinafter the "Mine"), located in the northern limb of the Bushveld Igneous Complex in South Africa. The Mine is one of the world's largest precious metals projects under development, with plans over future phases of expansion to become one of the world's largest primary platinum group metals (*1) producers. This significant and unique resource base enables long-term, safe, and efficient large-scale mechanized mining operations.
The Mine celebrated the start of its Phase 1 operations with an opening ceremony on November 18, 2025. Ramp-up of Phase 1 concentrator to full capacity is progressing, and in parallel, development works on the Phase 2 expansion have recently commenced, with completion targeted by the end of Q4 2027.
The Platinum Group Metals , nickel, gold and copper produced from the Mine are essential metals for various industries. ITOCHU holds the right to off-take products from the mine pro rata to its participation interest. and aims to contribute to the stable supply of critical metals to Japan.
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Itochu Corporation published this content on March 23, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on March 23, 2026 at 04:15 UTC.
Itochu Corp is a Japan-based company mainly engaged in the trading business. Food segment produces, distributes and sells food products. Energy & Chemicals segment trades and operates in the fields of energy, chemicals and electricity. Living & Lifestyle segment operates in the fields of living materials and logistics, as well as real estate. Machinery segment engages in the infrastructure-related business, power generation and other businesses. Metals segment engages in metal mineral resource development, steel product processing, trade of iron, ore and coal, non-ferrous metals and light metals and steel products. Information & Financial segment engages in information technology (IT) solutions, mobile distribution and services in the information and communications field, as well as financial services and insurance businesses. Textile segment engages in global business in goods from textile raw materials, yarns and fabrics to clothing. Eighth segment collaborates with other segments.
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