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Iron Ore: Owing to strong demand from China, Malaysia’s main iron-ore export destination, and with higher prices, output during the year increased by 17.8 per cent to 1,914,232 tonnes from 1,625,253 tonnes in 2015. They were produced from 41 mines located in Pahang, Johore, Perak, Kelantan, Kedah and Terengganu.
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Britannia Mining | Malaysia Iron Ore - Britannia Mining. Malaysia has a known iron ore reserve estimated at RM17 billion (as of 2013). Its highest quality iron ore is in Bukit Besi, a small town in Terengganu, which is believed to hold 50 million tonnes of reserves at 70% iron content on 2,400 hectares of land.
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Most reserves of such ore have now been depleted. Iron ore is the raw material used to make pig iron, which is one of the main raw materials to make steel. 98% of the mined iron ore is used to make steel. Indeed, it has been argued that iron ore is "more integral to the global economy than any other commodity, except perhaps oil".
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The Group has ventured into the mining and trading of mineral resources with its involvement in the prospecting and mining of tin in Malaysia and the trading of iron ore and coal. Active exploration for iron ore is being undertaken in Malaysia, Cambodia and Indonesia as iron ore is a crucial raw material for iron and steel making.
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Iron Ore | Mining | SGS Malaysia
Mining Iron Ore Iron ore is an important commodity currently in high demand due to population and infrastructure growth in developing countries. Whether you are involved in iron ore exploration, processing or trade, SGS provides a comprehensive range of services to support these activities.