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Nami Corp’ SBS receives Sea Sand Mining Licence in Malaysia

Mining News - Published on Tue, 29 Jan 2019

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NAMI Corp, via its wholly-owned subsidiary SBS Mining Corporation Sdn Bhd, in a joint venture with JHW Holdings Sdn Bhd, a private limited company incorporated in Malaysia received a sea sand mining licence from the Ministry of Water, Land and Natural Resources on 10 January 2019. This mining licence is in full force and effect for 3 years until 9 January 2022. The offshore sea sand concession site is located on the east coast of Peninsular Malaysia occupying an area spanning 20.57km², within the jurisdiction of the state of Terengganu, Malaysia.

The Group has fulfilled all regulatory requirements and obtained necessary approvals from all governmental agencies including Department of Environment, Department of Mineral and Geoscience Malaysia and all 13 agencies under the jurisdiction of the state and federal governments of Malaysia.

The Group is committed to comply with all regulatory requirements in the countenance of encompassing and emboldening socio-environmental development. As such, it had initiated a conscientious process in the preparation of Environmental Impact Assessment report which was subsequently submitted in July 2018 and was duly approved by the DOE on 2 September 2018. In addition to preparing the EIA, the Group also obtained approval from JMG on 14 September 2018, and finally, sea sand mining licence was approved by KATS on 10 January 2019.

The various approvals by the authority signify the Group's commitment towards the socio-environment and stringent requirements by all regulatory bodies.

With the approval of the mining licence, the Group is expected to begin its sea sand mining operation in the 1st half of 2019.

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Posted By : Rabi Wangkhem on Tue, 29 Jan 2019
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