TRANSFORMING THE NATION’S MINERAL RESOURCES INDUSTRY

These resources are valuable and hold the potential of being developed in accordance with the principles of sustainability, to ensure the long term availability of these resources.

Without mineral production, sectors such as construction, manufacturing, electrical and electronics, telecommunications, logistics and more would experience setbacks in their own activities. Such restrictions safeguard against disrupting the ecosystem and the implicit risks pertaining to disasters, life support value, treasure value and heritage value of the area.

Similarly, a comprehensive database platform needs to be developed – one that includes traceability application of mineral resources for the purpose of monitoring and controlling trade. The main aim of this plan is the “significant contribution of the mineral industry to economic growth” and will be the main focus for achievement.

These include increasing the contribution of mining and quarrying sub-sectors to the country’s GDP from 0.7% to 1% by 2030, establishing a Malaysian Mineral Industry Development Board, reducing trade imbalances, and developing the entire mineral industry value chain – from upstream to downstream.CLICK TO ENLARGE

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