Kelantan Signed a JV with CNMC Goldmine Ltd of China
Posted on May 19, 2007
16 May 2007, Tuan Guru Dato’ Haji Nik Abdul Aziz Nik Mat took Kelantan towards another step further to develop the state. The Kelantan State Agency, KSEDC on Wednesday signed a Join Venture Agreement with CNMC Goldmine Ltd of China to expedite the mining of gold in Sokor, Tanah Merah.
In his speech, the representative of CNMC saluted the openness of the State Government and on behalf the Government of China and also CNMC, they thank the state for giving them the opportunity to establish their expertise in Sokor. CNMC aims to be one of the largest, lowest cost and most environmental friendly, gold and mineral producer in Asia-Pacific region.
In the signing ceremony, CNMC were represented by their Chairman, Mr. Zhang Jian and few of their top guns. According to Mr. Zhang, CNMC’s geologist will start working on the site immediately.
Sokor gold field is CNMC Goldmine Limited’s flagship project and is considered to be the next most prospective but undeveloped hard rock gold mining area in Malaysia, apart from the Mamut Mine in Sabah and the Penjom Mine in Pahang. Once developed, Sokor gold field will be one of the largest gold mines in West Malaysia.
Commercial gold production is forecast to commence during third quarter of 2007.
The Sokor gold field consisting of an area of 2,370 acres is located in the District of Tanah Merah, Kelantan, Malaysia. Access to the area is by traveling 25km southwest from the town of Tanah Merah to Kampong Bukit Pauh via Kampong Gual Ipoh and a further 27km along a well-maintained logging track to Sungai Ketubong. The area is underlain by mildly metamorphosed volcanoes of Permian and Triassic age.
The Permian rocks are found more towards the eastern part of the area and consist predominantly of phyllite with intercalated limestone, slate, metasandstone and schist.
These are overlain by a Triassic sequence of mainly acid to intermediate tuffs and flows, which are largely exposed at the western edge of the area. A combination of large haul trucks, excavators and shovels will be utilized in this open-pit mining operation (source).
Also present during the signing ceremony were YB Dato’ Haji Ahmad Yaacob, Deputy Menteri Besar of Kelantan and YB Dato’ Husam Musa whom worked hard to make this historic day a reality.