CEO Morning Brief

Sarawak Discovers RM1.25 Trillion Worth of Ore Deposits — Report

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Publish date: Thu, 20 Jun 2024, 10:13 AM
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TheEdge CEO Morning Brief
Sarawak Deputy Premier Datuk Amar Awang Tengah Ali Hassan was cited by The Vibes as saying that the state's government discovered some RM1.25 trillion worth of gold, rare earth, bauxite and other precious metals.

KUALA LUMPUR (June 19): The Sarawak government discovered some RM1.25 trillion worth of gold, rare earth, bauxite and other precious metals, The Vibes reported, citing Deputy Premier Datuk Amar Awang Tengah Ali Hassan.

The state’s Geological Department found the potential resources after a survey covering 32% of Sarawak's total landmass of 12.4 million hectares, Amar Awang reportedly said, according to the news portal. The government plans to survey another 30% of Sarawak’s land, he noted.

“There is enormous potential for more discoveries,” he was quoted as saying. “We… are confident of finding more new mineral deposits.”

Gold was initially found only in Bau district, Amar Awang said. “We now have discovered big gold deposits in Sri Aman district and are planning to use Canadian technology to tap the mineral resources in Sarawak,” he added.

Source: TheEdge - 20 Jun 2024

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