Govt targets mineral industry to contribute RM29 billion to country’s GDP by 2030 (Updated) 22 Apr 2021 / 11:55 H. -Bernama
PUTRAJAYA: The government is targeting the contribution of the mineral industry to the country’s Gross Domestic Product (GDP) to increase to RM29 billion by 2030 and that the industry to be further developed in a sustainable manner, Prime Minister Tan Sri Muhyiddin Yassin (
pix) announced.
In realising that aspiration, Muhyiddin wants all stakeholders, including the people, to work together to give their best ideas in developing the industry.
“Apart from that, the relevant agencies should also look into encouraging aspects, either financial or non-financial incentives, to support the development of a responsible and sustainable mineral industry,” he said when launching the National Mineral Industry Transformation Plan 2021-2030 here, today.
Malaysia to become important hub for mineral industry development 22 Apr 2021 / 16:06 H. Prime Minister Tan Sri Muhyiddin Yassin shows a book of the National Mineral Industry Transformation Plan 2021-2030 at the launching of the transformation plan today.Also present is Energy and Natural Resources Minister Datuk Seri Dr Shamsul Anuar Nasarah (right).- Bernama
PUTRAJAYA: Malaysia is set to become an important hub for the development of the mineral industry in the future for having a variety of mineral resources that have the potential to be produced optimally, said Energy and Natural Resources Minister Datuk Seri Dr Shamsul Anuar Nasarah.
He said the initial study conducted by the Minerals and Geoscience Department (JMG) estimated the value of the country’s mineral resources at RM4.11 trillion, comprising metallic minerals worth RM1.03 trillion, non-metallic minerals (RM2.96 trillion) and energy minerals (RM0.12 trillion).
pic).
The Prime Minister said although minerals bring plenty of benefits to the country s socio-economy, it should not be a free pass for uncontrolled activities in the industry. Today, mineral resources play an important role in our lives. Nearly everything around us needs mineral resources in its production. Roads, buildings, cars and smartphones, all need mineral resources such as limestone, bauxite, silica sand, iron ore and rare earth elements. Malaysia as a country rich in mineral products must be wise in positioning itself, and to take the opportunity to explore and develop the resources we have. But while we agree on the importance and benefits of minerals, it does not mean that the government can allow activities in this industry to be carried out without control.
Thursday, 22 Apr 2021 12:00 PM MYT
Muhyiddin said the mineral industry’s contribution to the 2019 GDP was RM9.9 billion. Picture by Ahmad Zamzahuri
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PUTRAJAYA, April 22 The government is targeting the contribution of the mineral industry to the country’s Gross Domestic Product (GDP) to increase to RM29 billion by 2030 and that the industry to be further developed in a sustainable manner, Prime Minister Tan Sri Muhyiddin Yassin announced.
In realising that aspiration, Muhyiddin wants all stakeholders, including the people, to work together to give their best ideas in developing the industry.