TABLE-Japanese investments into Canadian energy resources

Thu Dec 13, 2012 5:32am EST

TOKYO, Dec 13 (Reuters) - Acquisitive Japanese trading
houses will find the course clear of some of their toughest
competitors in the race for Canadian energy assets after Ottawa
said it would bar state-owned companies from taking majority
stakes in oil sands assets. 
    Following are details of investments by Japanese companies
into the Canadian commodities and energy resources sector in
recent years, according to company announcements.  
    
 Date     Company           Investment
  Jul-09  Mitsubishi        Acquires a 25 percent stake in
          Materials Corp    Similco copper mine project in
                            British Columbia for C$28.75
                            million ($29.18 million)
  Feb-10  Mitsubishi        Formed a 50-50 joint venture in
                            uranium exploration project with
                            CanAlaska
  Mar-10  Sojitz            Sojitz, two other Japan firms
                            agree to take stake in copper
                            mining rights at Gilbraltar mine
                            for C$187 million 
  Aug-10  Mitsubishi        50 pct stake in Penn West Energy
                            Trust's shale gas development
                            project in British Columbia for 
                            C$450 million
  Aug-10  Sojitz            Sojitz, Thompson Creek Metals
                            announce C$500 million investment
                            to raise Molybdenum output at
                            Endako mine
  Jan-11  Itochu,           Itochu, Mitsui Mining & Smelting
          Mitsui Mining     Co to partcipate in Imperial
                            Metals' Ruddock Creek zinc/lead
                            exploration project
  Jan-11  Marubeni          Takes a 49 percent stake in 78-MW
                            Raleigh wind farm in Ontario
  Mar-11  Toyota Tsusho     Toyota Tsusho, Chubu Electric
                            acquire remaining 50 pct stake in
                            gas-fired 875-MW Goreway plant
                            project in Ontario
  Nov-11  Marubeni          Acquires Canadian coal firm,
                            Grande Cache Coal Corp for C$983
                            million
  Nov-11  Marubeni          Acquires additional stake in
                            Canada's Alouette Aluminum Smelter
                            for $180 million to raise stake to
                            13.33 percent
  Nov-11  Sojitz            Sojitz, two other Japan firms to
                            spend C$69 million to raise
                            Gibraltar copper/Molybdenum output
                            by 60 percent
  Feb-12  Mitsubishi        Takes a 40 percent stake in
                            Encana's natural gas development
                            project in British Columbia
  Mar-12  Mitsubishi        Takes a 25 percent stake in
                            Marathon PGM (Platinum Group
                            Metals) project in Canada
  Mar-12  Itochu, Mitsui    Take an additional 15 percent
          Mining            stake in Ruddock Creek zinc/lead
                            project
  Mar-12  JX Nippon Oil &   Acquires 25 percent stake in
          Energy            Canadian metallurgical coal assets
                            from Xstrata Coal for $435 million
  Apr-12  Toyota Tsusho     Acquires 32.5 pct stake in
                            Encana's coalbed methane project
                            in Alberta for C$602 million
  May-12  Mitsubishi        Takes a 20 percent stake in LNG
                            export facility near Kitimat,
                            British Columbia
  Jun-12  Mitsubishi,       Jointly participate in a 100-MW
          Osaka Gas, Sharp  solar power generation project in
                            Ontario
  Aug-12  Inpex, JGC        Completes acquisition of 40
                            percent stake in shale gas
                            projects in Horn River, Cordova
                            and Liard basins from Nexen
 ($1 = 0.9852 Canadian dollars)

 (Reporting by Osamu Tsukimori; Editing by Aaron Sheldrick and
Alex Richardson)