Deputy Prime Minister Datuk Seri Fadillah Yusof's press conference after the Second National Mineral Council Meeting (MMN2) at Implementation Coordination Unit, Prime Minister’s Office.(Photo: thestar.com.my) Kuala Lumpur (VNA) – Malaysian government plansto develop a National Mineral Policy within three months in accordance with thecurrent standard operating procedures for rare earth mining, Deputy PrimeMinister Datuk Seri Fadillah Yusof has announced.
Speaking at the Second National Mineral CouncilMeeting (MMN2) at the Prime Minister’s Office in Kualua Lumpur on May 8, the official said that the policy is aimed at managing the nation’smineral resources responsibly, balancing economic and revenue needs withenvironmental sustainability.
Fadillah said the Federal Government is in the processof forming a task force to resolve the illegal mining problem.
The formation of the task force will involve partiesfrom various technical departments and enforcement agencies at the federal andstate levels, he added.
A study by the Departmentof Minerals and Geology of Malaysia shows that the potential contributionof mineral resources to the national budget is huge, with estimated reservesamounting to 4.11 trillion MYR (926 billion USD), especially are metallicminerals (1.03 trillion MYR), and non-metallic minerals (2.96 trillion MYR)./.
