Mining Of Mineral Resources Companies in Malaysia

Mining is the extraction of valuable minerals or other geological materials from the earth, from an orebody, lode, vein, seam, or reef, which forms the mineralized package of economic interest to the miner.

Ores recovered by mining include metals, coal, oil shale, gemstones, limestone, dimension stone, rock salt, potash, gravel, and clay. Mining is required to obtain any material that cannot be grown through agricultural processes, or created artificially in a laboratory or factory.

Mining in Malaysia is not regulated by any specific mining law, but is governed by the General Mining Act of 1872. The act provides for the granting of mining concessions, the regulation of mining operations and the levying of royalties.

The mining industry in Malaysia is small scale and is dominated by foreign companies. The main mineral resources in Malaysia are coal, bauxite, titanium ore, chromite, natural gas, iron ore, limestone and mica.

The mining sector accounts for 2.3% of Malaysia’s GDP and is a major contributor to the economy of rural areas. The main minerals mined in Malaysia are coal, bauxite, gold, iron ore, tin and limestone.

Bauxite