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Sand Mining Agreement Malaysia

by admin on October 6th, 2021

On May 4, Ageson said its subsidiary Esa Pile Sdn Bhd had packed an order worth 44.8 billion yuan (RM27.5 billion) from China-based Guangzhou Kaishengda Industrial Co Ltd (GKI) for the supply of river and marine sands for about fifteen years. “Based on the existing procedures currently in place, all sand mine operators or mineral traders who wish to export sand abroad must first apply for a PA from KeTSA. Meanwhile, an application from Kumpulan Semesta Sdn Bhd (KSSB), a company founded by the Selangor government for the development and consolidation of mining activities in the state, was quickly rejected, according to a letter from the State Regional and Mineral Office, which was spotted by MalaysiaNow. He commented on an article titled “Ageson Procures RM27.5 Billion from Terengganu, Pahang for Customers in China,” published yesterday by a news portal. “After 11 months, The Selangor Executive Board intervened to authorize the renewal, gave mining rights to KL Larut until 2030 and expelled the state-owned company KSSB from both sites,” he added. Earlier, Ageson had announced another sand supply project at Rm330 million, which it would carry out as part of a joint venture with Singaporean navis marinus Private Ltd, as well as another contract to sell natural sand to Hong Kong-based Boyijun Resources (HK) Ltd. However, the increasing appearance of illegal mining sites, which resulted in a loss of several million euros each month, had forced the authorities to consolidate the activities of KSSB, a company run by Menteri Besar Selangor Inc. under the direction of MB itself. “The parties will continue to discuss further terms and mutually agree before signing a final contract for AESB to supply quartz sand to Techpack,” she added. Eyebrows have been raised following a decision by the Selangor government to grant a private company a 10-year sand mining lease that violates its own rules for granting mining licenses and leases to government land, while bypassing a state-owned company, as MalaysiaNow discovered. KL Larut Sdn Bhd`s mining lease expired in March this year, but it was extended for a further 10 years, allowing it to carry out mining activities on two government lands in Kuala Selangor. KUALA LUMPUR (July 27): Ageson Bhd announced that it has entered into a joint venture agreement (JV) with Menteri Besar Kedah Incorporated (MBI Kedah) to take over the extraction, delivery and export of quartz sands.

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