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Energy & Minerals

VISION
Global coal and copper trader
OVERVIEW
Since the 1980s, Samsung C&T has been committed to providing a sustainable supply of energy and mineral resources. We focus on the trading of minerals such as coal, copper, precious metals and rare metals, and participates in onshore and offshore oilfield business and minerals development projects.

Coal Details

Coal

We secure and strengthen sales base of actual customers through sourcing from Indonesia and Russia.

Contact
Telephone :82-2-2145-3310
email :steve.ko@samsung.com

Copper Details

Copper

Our copper trading business continues to grow as we secure a stable supply of copper from Latin America(Mexico, Bolivia, and Chile) and Africa(DR Congo) and develop new customers in key markets such as China.

Contact
Telephone :82-2-2145-3353
email :jj.ahn@samsung.com

Rare metals Details

Rare metals

We engage in trading of precious metals such as gold, silver and platiunum, and rare metals used to produce rechargeable batteries.

Contact
Telephone :82-2-2145-3221
email :bryanss.park@samsung.com

Key business activity

  • SAMSUNG C&T OIL & GAS PARALLEL 자세히 보기 SAMSUNG C&T OIL & GAS PARALLEL
    SAMSUNG C&T OIL & GAS PARALLEL
    SAMSUNG C&T OIL & GAS PARALLEL
    • Operator of onshore oil producer PARALLEL
    • Location : Permian Basin in TX. USA
    • Capacity : 5,900 barrels of oil equivalent per day
      (as of 2014)
    Contact

    SAMSUNG C&T OIL & GAS PARALLEL CORP.

    ADD
    1004 Big Spring ST., Midland Texas, TX. 79701, USA
    TEL
    1-432-688-3623
    View Details
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STRATEGY

Metal trading focusing on coal and copper
As a trader of coal, copper and rare metals, Samsung C&T imports metals and engages in intermediary trade. In order to secure stable supply, we carry out resource development projects in key strategic areas.
As for coals, we were the first company in Korea to import anthracite from the US for domestic supply in 1979. We import bituminous coals from overseas and supply them to local mills, power plants, cement plants and combined heat and power plants. Samsung C&T continues to grow in the overseas market through intermediary trade, sourcing bituminous coal from Russia (Sakhalin), Indonesia and Australia for sales in major emerging markets such as China and India.
Copper trading was launched in earnest after Samsung C&T took part in the Kazakhmys project in 1995. Currently, we have secured a stable supply of copper from major producers in Latin America (Mexico, Bolivia, and Chile) and Africa (DR Congo), which we market to China, which accounts for 50% of the world’s demand for copper, as well as South Korea and Southeast Asia, where demand continues to grow. We aim to solidify our presence as a top global copper trader by strengthening trading in strategic markets and developing new projects.

Regarding rare metals, we trade in metals for rechargeable batteries and primary metals such as gold, silver and platinum group metals (PGM).
Gas business
In 1992, Samsung C&T became the first Korean company to sign a contract for LNG import from Malaysia. Since then, we have served as the marketing agent in Korea, supplying 3.0 million tons of gas a year (as of 2017) after concluding a service contract with PLNG, a subsidiary of Malaysia’s Petronas, in 1993.
Operation of oil & gas production fields
After recognizing the growing importance of overseas resource development, Samsung C&T has made efforts to secure energy sources such as crude oil and natural gas since the early 1980s. In 2011, we acquired US energy company Parallel Petroleum, which operates onshore oilfields estimated to hold up to 49.1 million barrels of oil (as of the end of 2015). In addition, we acquired equity in LNG plants in Oman and Qatar to ensure overseas LNG, introducing independently developed LNG to the Korean market since 1999 and thus contributing to providing a stable supply of clean energy.