Mining Of Ores Valued Chiefly For Iron Content Companies in Malaysia

Mining of ores valued chiefly for iron content companies in Malaysia are engaged in the mining of iron ore. The iron ore deposits in Malaysia are found in the states of Kelantan, Terengganu, Pahang, Johor, Perak, and Sarawak. The Jugra deposit in Selangor is the largest iron ore deposit in Malaysia. The iron ore resources in Malaysia are estimated to be worth RM17 billion (US$4.1 billion).

The Malaysian government has imposed a moratorium on the issuance of new licenses for iron ore mining operations in an effort to conserve the country's reserves of the metal. The move was aimed at protecting the nation's interests in view of the declining global demand for iron ore.

Malaysia is a major producer of tin, iron ore, and bauxite. The country is also a significant exporter of these minerals. In 2016, Malaysia exported RM103.6 billion (US$25.4 billion) worth of minerals, of which iron ore accounted for RM38.4 billion (US$9.4 billion).