Minetech secures renewed contract for Selinsing Gold Mine Project
LUMPUR: Minetech Resources Berhad (Minetech) via its wholly-owned subsidiary, Minetech Construction Sdn Bhd (MCSB), has successfully extended the contract with Able Return Sdn Bhd and Damar Consolidated Exploration Sdn. Bhd. for waste removal, ore delivery, and associated works for the Selinsing Gold Mine Project.
This renewal extends the partnership for an additional 36 months, starting from Jan 1, 2024 to Dec 31, 2026, with the contract valued at an estimated RM230.0 million.
Nestled in Malaysia’s Central Gold Belt, the Selinsing Gold Mine spans 150.3km², encompassing the Selinsing, Buffalo Reef, Felda Land, Peranggih, and Famehub properties, located 158km north of Kuala Lumpur. For information, the mine boasts a gold processing plant and essential infrastructure, readily accessible from all properties.
Abang Abdillah Izzarim, Executive Chairman of Minetech Resources Berhad, expressed his enthusiasm about the extension, stating, “This contract with Able Return Sdn Bhd and Damar Consolidated Exploration Sdn Bhd is a significant milestone for Minetech.
“It not only reaffirms our leading position in the industry but also aligns with our strategic vision for growth and excellence.
“We are committed to leveraging our expertise and capabilities to further contribute to the success of the Selinsing Gold Mine Project, ensuring value creation for all stakeholders involved.”
Following Abang Abdillah’s enthusiasm for the project’s potential, it is important to note that the Selinsing Gold Mine’s operations and the extended contract align with Minetech’s commitment to Environmental, Social, and Governance (ESG) principles.