Malaysia

Al Rajhi eyes RM100m in gold sales

AL Rajhi Bank Malaysia, which introduced its gold investment product last year, is targeting sales of close to RM100 million worth of gold this year.

Australian Lynas to shut down Malaysian opponents with lawsuit

Australian rare earths miner Lynas Corporation (ASX:LYC), has filed a defamation action against Malaysian protestors and opponents over their criticism of the company's rare earth plant (LAMP), which will process ores shipped from Western Australia.

Lynas putting Malaysian opposition to its operations behind it: analysts

Australian analysts from Foster Stockbroking say confidence in rare earths miner Lynas Corporation (ASX:LYC) is returning after the Malaysian High Court dismissed an appeal against the company's Advanced Materials Plant (LAMP).

Lynas wins a battle, but war with Malaysians who oppose rare earth plant goes on

In what could be considered a slight victory for embattled Australian rare earths miner Lynas Corporation (ASX:LYC), the Malaysian High Court ruled today against a request to review a recent decision to grant the Lynas a temporary licence (TOL) for its processing plant.

Lynas rare earths plant in Malaysia gets momentary red light

Malaysia's Atomic Energy Licensing Board (AELB) has postponed granting a temporary rare earths mine operating license (TOL) to Australian miner Lynas Corp. (ASX:LYC) until an outstanding appeal by residents to the science, technology and innovation minister has been completed.

3 Chinese nationals die in coal mine fire in Malaysia

Three men, all Chinese nationals, died of suspected smoke inhalation after a fire broke out inside the Lucky Hill coal mine in Abok, near Pantu, about 80 km from Sri Aman.

Protest against iron ore operation of Vale in Malaysia

About 100 members of Jaringan Aktivis Alam Sekitar Perak JAASP, an environmental non governmental organization, staged a demonstration against the operation of an iron ore processing company, Vale SA, in Teluk Rubiah, Seri Manjung near here.

Canadian Monument busts gold thieving at its Malaysian Selinsing mine

Canadian-based gold producer Monument Mining Limited (TSX-V: MMY) informed it busted a gold stealing syndicate at the Selinsing Gold Mine in Malaysia.

Lynas website hacked as thousands protest Malaysia rare earth plant

Thousands of protesters have been converging on Lynas Corporation's new rare earths processing facility in Malaysia according to reports. The Australian producer's website was also hacked over the weekend.

Malaysians protest against ore processing

Thousands of people have rallied in Malaysia in a protest against an Australian miner's rare earths plant.

Legal action may delay Malaysian rare earths plant

Malaysian residents opposed to a rare earths processing facility have launched a legal challenged that threatens to delay the project put forward by Australia's Lynas Corp.

Chinese miner buys a $25 million stake in Malaysian iron ore mines

Chinese miner, Prosperity Minerals (PMHL.L), announced on Monday a US$25 million investment in Malaysian iron ore mines.

Outrage over Lynas approval

One of the most vocal opponents to Lynas Corporation's plans in Malaysia says it is "outraged and appalled" by the Government's decision to grant Lynas a temporary operating licence.

Trading places: rare earth prices plummet while rare earth miners rocket in 2012

The share price performance of those non-Chinese rare earth miners closest to production – Molycorp in the US, Australia's Lynas and Great Western Minerals in South Africa – is in stark contrast to what is happening to rare earth oxide prices, some of which have more than halved over the last three months.

'Don’t turn our cattle into cats,' Malaysians tell Australia's Lynas Corporation

Cows shrinking to the point they turn into cats and villagers wrapped in do-it-yourself anti-radiation suits are only some of the effects of allowingAustralia's Lynas Corporation to open a rare earths plant inMalaysia, according to not-so-subtle protest short satirical films populating YouTube these days.

Monument enters into definitive agreement for acquisition of 70% of Mengapur polymetallic project in Malaysia

Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) ("Monument" or the "Company") is pleased to announce that the Company, through its wholly owned subsidiary, Monument Mengapur Sdn. Bhd. ("MMSB") in Malaysia, has entered into the Definitive Acquisition Agreement with Diamond Hard Mining Sdn. Bhd., its shareholders and its wholly owned subsidiaries, Cermat Aman Sdn. Bhd. ("CASB") and Malaco Mining Sdn. Bhd. ("Malaco") (collectively the "Malaco Group"), all incorporated in Malaysia, to acquire 70% of the Mengapur Polymetalic Project (the "Mengapur Project" or the "Project") located in Pahang State, Malaysia.

Monument announces private placement of up to $70,000,000

Vancouver, B.C. Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) ("Monument" or the "Company") announces its intention to carry out a non-brokered private placement of up to 156,250,000 units at a price of $0.45 per unit for gross proceeds to the Company of up to $70,000,000 (the "Offering").

Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share of the Company at a price of $0.67 per share for a period of 36 months from the closing of the Offering.

Strict environment rules for Vale's new $1.3 billion Malaysia iron ore mine

At a ground breaking ceremony the State Chief Minister assured Malaysians that the development of the 180ha iron ore project in Teluk Rubiah, Manjung – a popular tourist area – will not bring any detrimental environmental impact as there will be stringent Environmental Assessment Impact (EIA) procedures to be followed.

Brazil's Vale is investing an initial US$1.37 billion, or RM4.07 billion, to develop the first phase of an iron ore complex with capacity to dock vessels and handle as much as 30 million tonnes of iron ore a year, starting in the first half of 2014.

Lynas Corp sinks as Malaysia orders rare earth plant safety review

Australia's Lynas Corporation lost more than 11% of its value on Friday after it emerged the company's Malaysian rare-earth refinery may be delayed by a government review that called for higher safety standards, further limiting supply of rare earths. Once in operation, the Lynas project could account for more than a third of the world’s supply outside of China.

China in recent months closed or consolidated more than 35 rare earth mines and cut export quotas sparking concerns in the US and other industrial nations about access to supplies and causing a frenzy of exploration and development activity.

Monument earns $15m gross revenues with Malaysia gold pour

Monument Mining made $15 million in gross revenues in the first three months of 2011, having sold 10,704 ounces of gold at an average price of $1404/oz. The Vancouver-based gold explorer, which owns two gold properties in Malaysia, said it is on target to exceed 40,000 ounces of gold this year, the company's first year of commercial production.

Image by Monument Mining Limited

Malaysian rare earths plant review won't delay project – Lynas

Rare earths project developer, Lynas, reckons independent review of its proposed Malaysian processing facility will not pose a delay for project completion.

Plan for refining rare earths in Malaysia is controversial

Australian mining company Lynas is planning to set up a refinery in Malaysia that will receive rare earth ores from its Mount Weld mine in Western Australia. Jonathan Manthorpe, an international affairs columnist for the Vancouver Sun, examines the claims of critics who wonder why the company needs to ship the ore 4,000 kilometres away from the mine.

Malaysia hopes to make in-roads in the rare earth market

New York Times says that Malaysia is placing a big bet on rare earth metals: As many as 2,500 construction workers will soon be racing to finish the world’s largest refinery for so-called rare earth metals — the first rare earth …

Monument to more than double gold production

Vancouver-based Monument Mining Ltd. is moving ahead with a Phase 3 expansion plan for its Selinsing mine and gold treatment plant in Malaysia. The expansion includes an additional milling, gravity and leach circuit.

The expansion will lift the treatment plant capacity from 400,000 tonnes per year to 1 million tpa.

Monument Mining Ltd. – Commercial Production Declared; Reported Revenues of $6.61 million in September 2010

Fundamental Research release a report on Monument Mining. Here are the investment highlights: The company announced on September 20, 2010, the commencement of commercial production at the Selinsing Gold Project in Malaysia. The facility is currently operating at a rate …