MSC signs land lease deal with Perak

PETALING JAYA: Tin miner and metal producer Malaysia Smelting Corp Bhd (MSC) has inked a memorandum of understanding (MoU) with Menteri Besar Inc (Perak) for the lease of two parcels of land located adjacent to the southern boundary of MSC’s existing tin mining leases in Klian Intan, Perak.

According to a press release yesterday, the two parcels of land measuring 100 acres and 323 acres will be used for the dumping of overburden, tailings, and slime arising from the group’s ongoing tin mining activities at its open pit tinmine, which also happens to be the largest in Malaysia.

MSC CEO Datuk Dr Patrick Yong said the leasing of land shall improve the group’s mining productivity and waste management efforts, in line with its sustainability goals.

“We are pleased with this MoU as it would pave the way for us to commence strategic negotiations on expanding our tin mining leases as well as to undertake any other joint efforts with MB Inc.

“As an integrated tin producer, our tin mining activities are important to the continuity of the group’s tin smelting operations.

“The expansion of tin mining leases will augur well for the group’s production output of tin-inconcentrates, which currently only con- tributes approximately 10% of our tin smelting requirements,” he said.

This initiative is part of MSC’s overall efforts to enhance its market position as one of the world’s largest producers of tin metal in the world.

In conjunction with ongoing efforts to identify new mining leases to expand its upstream business, MSC is also enhancing its downstream production efficiencies with the relocation of its smelting plant to a new facility in Pulau Indah, Klang.

Once the new plant is fully-operational, MSC expects recovery yields and costs savings to improve significantly.