SELANGOR

Selangor identified of having potential rare earth deposits: ASM

KUALA LUMPUR, 10 Dec (Bernama): Perlis, Kedah, Perak, Selangor, Kelantan, Terengganu and Pahang have been identified as states with rare earth deposits with commercial value.

Academy of Sciences Malaysia President Tan Sri Dr Ahmad Tajuddin Ali said the seven states have minerals (ion adsorption) clays which can be used to make advanced consumer and industrial products.

“These rare-earth-bearing mineral clays are non-radioactive and are safe to be used in hybrid cars, phones and fuel cells.

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“If the government wants to develop it as the future source of revenue in the rare-earth industry, tiny quantum will make all the difference in terms of the performance for the products,” he told reporters after launching the blueprint for the establishment of rare-earth industries in Malaysia here Monday.

“For a start, the government would invest about RM10 million to explore rare-earths in ion adsorption clay in Perak as the state has been mining tin ore for over 100 years.

“Once this is completed in Perak, the government could provide additional allocation of RM30 million to the Ministry of Natural Resources and Environment to undertake similar studies in other states,” Ahmad Tajuddin said, adding that both local and foreign investors should venture into the rare earth industry here.

He said the blueprint was launched after a study was commissioned by ASM to look for opportunities for the rare earth industry in Malaysia.

An initial assessment undertaken by ASM revealed that the expected minimal contribution of the rare-earths industry to the national economy in terms of foreign direct investment, gross domestic product and employment were 2.4 per cent (RM1.5 billion), one per cent (RM10.137 billion) and 0.04 per cent (5,000 jobs per annum), respectively, by 2020.

NS


Pengarang :

Selangor identified of having potential rare earth deposits: ASM

KUALA LUMPUR, 10 Dec (Bernama): Perlis, Kedah, Perak, Selangor, Kelantan, Terengganu and Pahang have been identified as states with rare earth deposits with commercial value.

Academy of Sciences Malaysia President Tan Sri Dr Ahmad Tajuddin Ali said the seven states have minerals (ion adsorption) clays which can be used to make advanced consumer and industrial products.

“These rare-earth-bearing mineral clays are non-radioactive and are safe to be used in hybrid cars, phones and fuel cells.

3

“If the government wants to develop it as the future source of revenue in the rare-earth industry, tiny quantum will make all the difference in terms of the performance for the products,” he told reporters after launching the blueprint for the establishment of rare-earth industries in Malaysia here Monday.

“For a start, the government would invest about RM10 million to explore rare-earths in ion adsorption clay in Perak as the state has been mining tin ore for over 100 years.

“Once this is completed in Perak, the government could provide additional allocation of RM30 million to the Ministry of Natural Resources and Environment to undertake similar studies in other states,” Ahmad Tajuddin said, adding that both local and foreign investors should venture into the rare earth industry here.

He said the blueprint was launched after a study was commissioned by ASM to look for opportunities for the rare earth industry in Malaysia.

An initial assessment undertaken by ASM revealed that the expected minimal contribution of the rare-earths industry to the national economy in terms of foreign direct investment, gross domestic product and employment were 2.4 per cent (RM1.5 billion), one per cent (RM10.137 billion) and 0.04 per cent (5,000 jobs per annum), respectively, by 2020.

NS


Pengarang :