July 11, 2014 7:33 AM ET

Energy Equipment and Services

Company Overview of The Japan Oil, Gas and Metals National Corporation

Company Overview

Japan oil, Gas and Metals National Corporation provides financial assistance, technology development, technical support, stockpiling, gathering/providing information, mine pollution control, and overseas field survey services in Japan and internationally. The company offers financial assistance for oil and gas exploration and production projects, as well as for exploration and development of metallic mineral resources. It also manages stockpiling of oil, liquefied petroleum gas (LPG), and rare metals, including the construction of national LPG stockpiling bases. In addition, the company gathers, analyzes, and supplies data on issues of oil and gas and mining-related information; develops min...

Toranomon Twin Building

2-10-1 Toranomon

Minato-ku

Tokyo,  105-0001

Japan

Founded in 1963

481 Employees

Phone:

81 3 6758 8000

Fax:

81 3 6758 8008

Key Executives for The Japan Oil, Gas and Metals National Corporation

Executive Director
Executive Director
Executive Director
Executive Director
Compensation as of Fiscal Year 2014.

The Japan Oil, Gas and Metals National Corporation Key Developments

Midland Exploration Inc. Begins a PGE Exploration Field Program in the Labrador Through With Japan Oil, Gas and Metals National Corporation

Midland Exploration Inc. announced that in partnership with Japan Oil, Gas and Metals National Corporation beginning field exploration program on the Pallas Platinum Group Elements project in the Labrador Trough. Entering into the second year of the agreement, this field exploration program will involve prospecting guided by airborne magnetic targeting, and channel sampling of the company's best known PGE occurrences. The Pallas Project comprises 479 claims covering more than 210 square kilometres of mineral rights in the Trough some 80 kilometres west of Kuujjuaq, Québec. These new claims cover a large folded pluri-kilometric ultramafic-mafic complex known, in this section of the Trough, for its strong exploration potential for PGE. Midland has completed a short reconnaissance program late last year. In only a week of prospecting, several new PGE + Au bearing outcrops were discovered (more than 10) with values ranging from 1.0 to 3.9 g/t PGE + Au. Overall, the project counts currently more than 20 mineralized showings returning more than 1.0 g/t PGE + Au. Each of those showings, associated with disseminated sulfides, were found in vari-textured gabbro (gabbro with textures and crystals varying in sizes) over several of meter in thickness within layered gabbro. In order to help tracing these mineralized gabbroic horizons, a detail heli-borne magnetic survey has been completed on each of the 4 Midland claim blocks. Currently, these data are been processed combining high resolution satellite imagery for target generation. Midland is very trilled by this project which demonstrates the great potential of the region to host significant PGE + Au mineralization. The PGE's prices has maintained a continuous increase since 2000 due to the growing demand from emerging countries as Brazil, Russia, India and China which have recently agreed to control their pollutant emissions that will require abundant PGE to control. JOGMEC has the option to acquire 50% interest in the Pallas project prior to March 31, 2016 by funding $2,000,000 in expenditures. Midland will be operator as long as it will hold an interest equal to or higher than 50% in the project.

Discovery Metals Limited Announce Joint Venture Agreement with the Japan Oil, Gas and Metals National Corporation and BCL Limited

Discovery Metals Limited announced the agreement of a new joint venture programme with the Japan Oil, Gas and Metals National Corporation and BCL Limited for the Dikoloti Nickel Project in north-east Botswana. The Dikoloti Project comprises three prospecting licences covering an area of 283km2 surrounding the three nickel deposits of BCL in the Selebi-Phikwe region of north-east Botswana. An Inferred Mineral Resource of 4.1 Mt 0 0.7% Ni, 0.5% Cu and 1.2 g/t PGE's at a cut-off of 0.5% Ni for 28,700 tonnes of contained nickel has been reported in accordance with the guidelines of the JORC Code. The agreement provided for JOGMEC to earn an interest of up to 60% in the Dikoloti Project by funding exploration of AUD 3.0 million with DML acting as Operator. Subsequently, following further expenditure by JOGMEC, it increased its participating interest in the Dikoloti Project to 72.0% while DML retained 27.9% as of December 2013. The new agreement between DML, JOGMEC and BCL represents the next step in progressing the Dikoloti Project towards production. The BCL Participating Interest will only be achieved if BCL is able to convert the prospecting licences into "mining licences" under applicable Botswana law and will be established at the time the mining licences are issued.

Midland Exploration Inc. Signs New Option Agreement with Japan Oil, Gas and Metals National Corporation for Pallas Project

Midland Exploration Inc. announced the signing of a new option agreement with Japan Oil, Gas and Metals National Corporation (JOGMEC) for its Pallas project currently 100% owned by Midland. The Pallas project totals 477 claims covering more than 210 square kilometres of mineral rights in the Labrador Trough some 80 kilometres west of Kuujjuak, Quebec. These new claims cover a large folded pluri-kilometric ultramafic-mafic complex known, in this section of the Trough, for its strong exploration potential for platinum group elements. As per this agreement, JOGMEC has the option to acquire a 50% undivided interest in the Pallas project prior to March 31, 2016 by funding $2,000,000 in exploration expenditures. Midland will be operator as long as it will hold an interest equal to or higher than 50% in the project. Midland is to join forces again with the JOGMEC, and is looking forward to the start of its first focused exploration program by the end of February 2014.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 24, 2013
Japan South Sakha Oil Co., Ltd.
 

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