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Malaysia Jag And Empire Mining Agree To Terminate Mou On Bauxite Mining

Metal News - Published on Mon, 24 Jun 2019

Image Source: Africa Investor
JAG Bhd and Empire Mining Sdn Bhd have mutually agreed to terminate a memorandum of under-standing to jointly explore bauxite mining opportunities in Langkawi, Kedah. In a filing with Bursa Malaysia, JAG said the termination of the MoU is effective immediately and will not have any material financial impact on JAG and its subsidiaries.

The two parties had signed the MoU in March this year, with a possible joint venture between JAG or its nominated subsidiary and Empire Mining to extract, process and produce bauxite in Langkawi.

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Posted By : Ratan Singh on Mon, 24 Jun 2019
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