News News
Contact us
  • Customer service number:64321087
  • Commercial service telephone:13918059423
  • Technical service telephone:13918059423
  • Contact person: Mr. Cui 
  • Service
  • Address: room 107, building 8, no. 100, guilin road, xuhui district, Shanghai

Senator moots setting up agency or body to manage rare earth issues, prevent exploitation in Malaysi

The date of: 2023-09-25
viewed: 0

KUALA LUMPUR, Sept 21 — A member of the Dewan Negara suggested today that the government set up an agency, body or government-linked company (GLC) to supervise and manage all rare earth related issues in the country.
Senator Datuk Mohd Hisamudin Yahaya said the government could coordinate the resource and its sale as well as avoid conflicts of interest between state governments that have such resources and the federal government.
“The establishment of such an entity is to control the price and ensure that the country’s resources do not simply disappear. In other words, the state government can mine (rare earth) bit it should be sold to the government.
“We can follow the example of Petronas, with which the government can supervise the sale of petroleum products even though the resources are located in different states in Malaysia,” he said when debating the 12th Malaysia Plan (12MP) Mid-Term Review at the Dewan Negara today.
Mohd Hisamudin said based on studies by the Geoscience and Minerals Department, rare earth deposits can usually be found in Johor, Kedah, Kelantan, Melaka, Negeri Sembilan, Pahang, Perak, Sabah, Sarawak, Selangor and Terengganu.
The senator representing Putrajaya was also sure that the entity could prevent price exploitation, illegal exports and rare earth theft, and guarantee maximum profits and returns for the country.
Meanwhile, Senator Datuk Dr Azhar Ahmad praised Foreign Minister Datuk Seri Zambry Abdul Kadir in expanding Malaysia’s diplomatic relations with other countries, including the reopening of several foreign offices abroad.
He said Zambry’s efforts were noteworthy as they had re-established diplomatic relations with several countries.
“Alhamdulillah, I heard news of many offices reopening, especially in the Middle East, East Asia and Latin America.
“He does speak and work more abroad and this is good for a Foreign Minister as his tasks are to restore and strengthen diplomatic relations,” he said, adding that the country could attract more foreign investments through Zambry’s efforts. — Bernama

Hot News / Related to recommend
  • 2024 - 03 - 01
    Click on the number of times: 0
    Unraveling the impact of edge cracks on superconducting REBCO tapes: A leap in material durability and efficiency来源:PHYS.ORGIn the realm of superconductivity, the durability and efficiency of material...
  • 2024 - 02 - 29
    Click on the number of times: 0
    source;Phys.orgSkoltech researchers and their colleagues from MIPT and China's Center for High Pressure Science and Technology Advanced Research have computationally explored the stability of the ...
  • 2024 - 02 - 28
    Click on the number of times: 0
    source:Mining reviewRRainbow Rare Earths has achieved group separation of rare earth elements through initial ion exchange test work ongoing in the USA.This achievement marks a significant leap forwar...
  • 2024 - 02 - 27
    Click on the number of times: 0
    Exploring the rich potential of copper and rare earth elements: A deep dive into Rincon Resources’ West Arunta project source:Innovation news workRincon Resources’ exploration of Australia’s newe...
  • Copyright ©Copyright 2018 2020 Shanghai rare earth association All Rights Reserved Shanghai ICP NO.2020034223
    the host:Shanghai Association of Rare Earth the guide:Shanghai Development and Application Office of Rare Earth the organizer:Shanghai rare earth industry promotion center