DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/ckn3f8/malaysia_mining_re) has announced the addition of the "Malaysia Mining Report 2012" report to their offering.
Growth will be led by the country's nascent gold mining industry, which has been attracting a number of foreign investors. Monument Mining's Selinsing gold mine is set to become the country's largest gold mine as the old Penjom mine's reserves run out.
Malaysia provides an attractive mining legislative environment for foreign investors (tax holidays, 100% foreign ownership, transparent and centralised mining license granting) and should be taken advantage of while the country is still trying to divert investment away from regional favorites, including the Philippines and Indonesia. There is the risk that these laws will change once the country is able to attract enough money.
Malaysia's largest mining industry, tin mining, is becoming stagnant, with more than a century of mining having depleted the country's reserves. This has meant that mining some of the remaining resources has become prohibitively expensive. Nevertheless, continued elevated prices will motivate the country's existing players to spend money on brownfield and greenfield exploration in Malaysia and could also result in abandoned tin mines being reopened. Malaysian Smelting Corporation's Rahman Hydraulic tin mine will remain the country's largest as the company continues to invest in production capacity.
Companies Mentioned:
- Malaysia Smelting Corporation Berhad
For more information visit http://www.researchandmarkets.com/research/ckn3f8/malaysia_mining_re