Experienced Mining Team with Proven Track Record Remains in Place
All mining activities continue to be carried out by our experienced mining contractor Minetech Resources Berhad (“Minetech”) who owns all the mining equipment and employs about 140 operating staff across the country. Minetech has been the major mining contractor since the Selinsing operation commenced in 2009, and has a proven track record of consistent, safe, and efficient production. Mine planning, survey, and grade control geology continue to be carried out by Selinsing Gold Mine team who also have been operating the Selinsing Oxide Pits successfully over the past 13 years.
Open mining at both Selinsing and Buffalo Reef has historically been carried out by a local contractor Minetech Construction Sdn Bhd who has been involved in the operation since Monument acquired the operation The contract is current, and Minetech is responsible for the mining ore and waste including :- - Drill and blast activities - Load and haul activities - Rehabilitation activities
-- From Monument Mining
Minetech is basically the main con for Selinsing mining project. Increase in gold price will encourage Monument to further invest in digging. 230m is only estimate value. Based on Minetech company size, this project alone already enough to eat, any extra will be bonus. As long as Abang manage well, it will be profitable even without another Abang help.
comrades here , so have faith first right . i decided not to cut my losses today and will hold on to fight like a hero, die also must die standing up and not lying down!! hahaha
i been on vacation for 1month and this forum beside day day abg here and there, indeed ntng happend to the share. Joke la hahahahaha! ok, i shall come back month later to see more joke (see those abg comments real cant stop myself laughing and getting others to laugh together)
@ilmuKhodam, beg to ask why Minetech with their connections, are satisfied to be mine contractor rather than mine owner? Do you think it's going to change?
Choop818, not all can become gold miner. Beside, lots of work to be done. Research on place where gold can be found, apply for mining license both from fed and state. Look at Nice, they just got approval from fed and now need to ask license from state. Am seeing Minetec not only for it mining connection but more on Swak development. Just a matter of time. And since it still cheap, can collect more and more and just wait patiently
@choop818, anything could happen. Yes, as mining owner definitely will benefit more but the process of obtaining all the necessary approval takes time. At current moment, almost all commodities eg copper hitting high. Sarawak with huge land provide vast mining opportunities. Now if im not wrong, the largest contract or revenue contributor would be from mining - 230m. So minetech will be known as Mining technology. The only turn-down is the selling pressure is too high. Not easy to move up anytime. Fundamental strong yes, technically no.
@welcome, check out previous commodity oil palm rally, you will understand how the whole process go. I was holding large amount of Bplant at that time. I guess if gold can cross above usd2500 and hold it for weeks, NICE will be getting many offers. At that time NICE boss walk also got wind, NICE wont be looking at Minetech. But Minetech do has its own bright spot with their deep knowledge in hard rock mining. Gold, copper, rare earth, boron, all these are important in EV and AI application. That also one of the reason China is cornering these important metals. T-1000 skynet.
That place main revenue mostly from forest harvest, mining. So getting state approval should be easy. They only everyday imagine going better place. Bplant i very long time didnot follow already.
Chill, today is just the first day after war news. Mostly first day doesnt look nice. During a geopolitical conflict, markets have tended to be weak, but the 3 month forward returns have been positive in the majority of cases. This applies broadly not just to the US but to Europe and emerging markets.
First day of Covid attacks people still smiling ☺️ just like yesterday war just started and today people still 😊 it’s will become worse later just like covid virus spread through out the entire world 🌎💣💥🩸☠️
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Eagle77
7,018 posts
Posted by Eagle77 > 2024-04-10 20:31 | Report Abuse
Abg Izzarim back to Sarawak during Raya meeting all the big boss of Sarawak definitely got special announcement for Minetech very soon guys 😎🤞⬆️✅💰💥