PETALING JAYA: Perwaja Holdings Bhd is expected to secure a sizeable iron ore mining concession from the Terengganu government “anytime soon”, according to industry sources.
To enable economies of scale, sources said, Perwaja's unit Perwaja Steel Sdn Bhd should ideally be given about 500ha in Bukit Besi to mine iron ore with a mining lease running for at least 10 years, which later will be subject to renewal.
The 2,400ha Bukit Besi area is believed to hold 50 million tonnes of iron ore reserves, which has the highest quality in Malaysia at 70% Fe (iron), the sources added.
PETALING JAYA: Perwaja Holdings Bhd is expected to secure a sizeable iron ore mining concession from the Terengganu government “anytime soon”, according to industry sources.
To enable economies of scale, sources said, Perwaja's unit Perwaja Steel Sdn Bhd should ideally be given about 500ha in Bukit Besi to mine iron ore with a mining lease running for at least 10 years, which later will be subject to renewal.
The 2,400ha Bukit Besi area is believed to hold 50 million tonnes of iron ore reserves, which has the highest quality in Malaysia at 70% Fe (iron), the sources added.
To enable economies of scale, sources said, Perwaja's unit Perwaja Steel Sdn Bhd should ideally be given about 500ha in Bukit Besi to mine iron ore with a mining lease running for at least 10 years, which later will be subject to renewal.
The 2,400ha Bukit Besi area is believed to hold 50 million tonnes of iron ore reserves, which has the highest quality in Malaysia at 70% Fe (iron), the sources added.
PETALING JAYA: Perwaja Holdings Bhd is expected to secure a sizeable iron ore mining concession from the Terengganu government “anytime soon”, according to industry sources.
To enable economies of scale, sources said, Perwaja's unit Perwaja Steel Sdn Bhd should ideally be given about 500ha in Bukit Besi to mine iron ore with a mining lease running for at least 10 years, which later will be subject to renewal.
The 2,400ha Bukit Besi area is believed to hold 50 million tonnes of iron ore reserves, which has the highest quality in Malaysia at 70% Fe (iron), the sources added.
