Sarawak Unveils RM1.25 Trillion in Gold and Precious Metals, Surpassing Kedah’s Find

Source: SAYS

The Sarawak state government has announced an astonishing discovery of gold, rare earth elements, bauxite, and other valuable metals worth an estimated RM1.25 trillion in various land areas of the state.

According to The Vibes, Deputy Premier Datuk Amar Awang Tengah Ali Hassan revealed that the state’s geological department made this discovery after surveying just 32% of Sarawak’s total land area, which spans 12.4 million hectares.

“The minerals we found include gold, rare earth elements, bauxite, and other precious metals. There’s a huge potential for uncovering even more,” he said.

“We plan to survey an additional 30% of the state. With 12.4 million hectares of land, we’re confident we’ll find more mineral deposits,” Amar Awang added.

Having recently returned from a trip to Canada to learn about their mining technology, Amar Awang mentioned that Sarawak intends to use the latest Canadian mining techniques to extract these valuable resources.

Previously, gold was mainly found in the Bau district, which is about a 42-minute drive southwest of Kuching.

“Now, we’ve discovered significant gold deposits in the Sri Aman district, approximately a 2.5-hour drive east of Kuching. We plan to use Canadian technology to extract these mineral resources,” Amar Awang stated.

This extensive mineral mining proposal follows the state government’s recent announcement to construct an additional 10 hydroelectric dams across Sarawak.

Back in May 2020, then-Energy and Natural Resources Minister Datuk Shamsul Anuar Nasarah said Malaysia had RM4.1 trillion worth of mineral resources based on current prices, as reported by Bernama.

A study by the Department of Mineral and Geoscience identified this valuation to include three main categories of minerals: metallic minerals, non-metallic minerals, and coal.

Source : SAYS