Malaysian firm to explore rare earth mining

Berjaya Land Bhd. is set to explore and develop the mining of rare earth elements and other minerals in Malaysia’s northern Perlis state.

The company, a subsidiary of Malaysian tycoon Vincent Tan-controlled Berjaya Corp., signed a memorandum of understanding with Impianan Utara Sdn. on Tuesday to undertake the project, according to a filing. They will also develop large-scale plantation of Napier hybrid grass and Blackthorn durian.

The projects will be carried out in collaboration with the state’s investment vehicle Menteri Besar Incorporated Perlis.

The move is in line with Malaysia’s ambitions to become a globally competitive and environmentally responsible player in the rare earth industry, according to the statement.

(By Anisah Shukry)