KUALA LUMPUR (Dec 6): HIAP TECK VENTURE BHD [] shares advanced on Tuesday after its 55% owned Eastern Steel Sdn Bhd had been granted a mining licence by Trengganu state government to mine iron ore on the area of 600 acres near Bukit Besi.
At 9.20am, Hiap Teck added three sen to 91 sen with 714,100 shares traded.
The mining concession would allow Eastern Steel to mine the area, which has estimate reserve of 40 to 50 million ton of iron ore, until the end of its mining life.
At 9.20am, Hiap Teck added three sen to 91 sen with 714,100 shares traded.
The mining concession would allow Eastern Steel to mine the area, which has estimate reserve of 40 to 50 million ton of iron ore, until the end of its mining life.
