Eneos considers possible IPO for JX Nippon Mining & Metals

Reuters | May 10, 2023 | 7:42 am Markets Asia Copper

JX Nippon aims to boost Chile copper mine output

Caserones copper mine. (Image courtesy of Lumina Copper Chile)

Japanese energy giant Eneos Holdings Inc is considering spinning off subsidiary JX Nippon Mining & Metals, with a possible option of listing its shares, the Nikkei newspaper reported on Wednesday.

Eneos will include the spin-off proposal in its latest mid-term business plan due to be released on Thursday, Nikkei said.

Eneos said in a statement that the Nikkei report is not based on the company’s announcement and while it is “constantly considering various capital policies,” no decisions have been made now.

(By Kantaro Komiya; Editing by David Goodman and Louise Heavens)