Mining is the primary and is one of the larger industries in Malaysia and was once the world’s premier producer of tin supplying some 40 percent of the world’s tin. Malaysia is endowed with over 33 different types of minerals comprising metallic, non-metallic, and energy minerals which worth several billion dollars in economic potential.
However, despite the continuing global demand and high prices for most metals and minerals in recent years Malaysia’s minerals mining and exploration industry continue to remain sluggish. This is due to the lack of exploration, mine development, and capacity expansion in the local industry thus providing a great opportunity to companies who seek to venture into this untapped potential industry.