Kedah to tap RM62 billion rare earth deposits, not RM43 trillion
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Title : Kedah to tap RM62 billion rare earth deposits, not RM43 trillion
Category : Malaysians
The Kedah state government has awarded a permit for a Kuala Lumpur-based company to prospect and extract rare earth elements in the state.According to Bernama, Kedah Menteri Besar Muhammad Sanusi Md Nor (above) announced at a press conference in Alor Setar today that the approval had been given last week.“The local company is also cooperating with an international firm for the prospecting. They will conduct the prospecting works in Sik,” he said after chairing a state executive council meeting.He reportedly told the press conference that the minerals are not radioactive, and the prospecting and extraction of the mineral would not involve any mining activities.Sanusi said the minerals are in high demand for making components for smartphones and laptops, but did not name the type of rare earth elements involved.In a video of the press conference which circulated online, however,…
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