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World's 2nd largest tin metal producer expands operations in Malaysia

22 Aug 2013
Malaysia Smelting Corp Bhd (MSC), the world’s second largest tin metal producer, is looking at expanding its mining operations in Malaysia and worldwide, with the focus on tin, tungsten and titanium, according to group chief operating officer (mining) Mohamed Yakub Ismail.

He said: “For these new mining investments, the MSC Group is interested to set up joint ventures particularly with the global tin mining players for projects in Malaysia.”

Currently, MSC is working closely with Perak, Pahang, Trengganu, Kedah and Johor state governments to explore and evaluate the mineral deposits in the mineral-rich Eastern and Western Belts of Peninsular Malaysia to gauge whether “it is economically viable to start large-scale mining,” he said.

“The potential tin reserves in the two belts are estimated at 900,000 tonnes which is worth about US$18bil based on the current tin price of about US$20,000 per tonne,” Yakub said at the final day of the Asian Mining and Energy Investment or AMEI Forum 2013 jointly organised by two Australia-based ICAsia and Vertical Event, the Malaysian Chamber of Mines and the Department of Minerals and GeoScience.