Sand Mining Agreement Malaysia

“The parties are discussing and agreeing on other conditions before signing a definitive contract for the supply of oil sands by AESB to Techpack,” she added. KUALA LUMPUR (July 27): Ageson Bhd has reached an agreement with Menteri Besar Kedah Incorporated (MBI Kedah) for the dismantling, supply and export of oil sands. The offshore-Sea Sands concession is located on the east coast of the Malaysian Peninsula and occupies an area of 20.57 km2 in the jurisdiction of the State of Terengganu, Malaysia. KL Larut Sdn Bhd`s mining lease expired in March of this year, but was renewed for a further 10 years, allowing it to carry out mining activities on two government lands in Kuala Selangor. An industry source told MalaysiaNow that the two lands, which each deeded about 300 and 748 hectares, could collect up to 300,000 tonnes of sand and minerals each month at a market price of more than RM 5 million. “The group also expects that the joint venture project will be implemented and implemented smoothly, as MBI Kedah expands and transmits its local expertise and knowledge in the local mining and mining industry in Kedah,” he said. With the approval of the mining licence, the group is expected to begin extracting the oil sands in the first half of 2019. As part of the agreement, MBI Kedah will grant the joint venture company the rights and full power to carry out new silica extraction activities in new concession areas in Bukit Buluh, Mukim Serdang and Bandar Baharu. “KeTSA spends AP to export sand abroad, based on several criteria such as the national interest, taking into account aspects of local consumer needs, nation sovereignty or the importance of trade, provided that operators have previously obtained permission from KeTSA,” he said. In the letter, Abdul Rahman Ishak, managing director of KSSB, said his request for mining activities at the two Kuala Selangor sites, with a total area of more than 1,000 hectares, had been rejected.

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