{"id":468,"date":"2022-06-09T22:55:09","date_gmt":"2022-06-09T22:55:09","guid":{"rendered":"http:\/\/mm.webetestingit.com\/?page_id=468"},"modified":"2022-11-16T05:45:07","modified_gmt":"2022-11-16T05:45:07","slug":"information","status":"publish","type":"page","link":"https:\/\/malaysianminerals.com\/wordpress\/information\/","title":{"rendered":"Information"},"content":{"rendered":"\n
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Information<\/h1>\n<\/div><\/div>\n<\/div><\/div>\n\n\n\n
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Introduction to Malaysia<\/svg><\/span><\/h3>\n
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Malaysia is made up of thirteen States and three Federal Territories. The capital city is Kuala Lumpur, and Putrajaya is the seat of the Federal Government. The current population stands at over 32 million. Geographically, the country is separated into two regions. Eleven States and two Federal Territories are located in Peninsular Malaysia in the southern most tip of the Asian Continent and two states and one Federal Territory are located in the Island of Borneo. Malaysia borders Thailand, Indonesia, Singapore, Brunei and the Philippines.<\/p>\n\n\n <\/div>\n <\/div>\n\n

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Geographical Facts<\/svg><\/span><\/h3>\n
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Geographic coordinates: 2 30 N, 112 30 E<\/p>\n\n\n\n

Map references: Southeast Asia Area: total: 329,750 sq. km land: 328,550 sq. km water: 1,200 sq. km Area – comparative: slightly larger than New Mexico<\/p>\n\n\n\n

Area : total: 329,750 sq. km land: 328,550 sq. km water: 1,200 sq. km<\/p>\n\n\n\n

Population: About 32.7 million (2022).<\/p>\n<\/div>\n\n\n\n

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Land boundaries: total: 2,669 km border countries: Brunei 381 km, Indonesia 1,782 km, Thailand 506 km<\/p>\n\n\n\n

Coastline: 4,675 km (Peninsular Malaysia 2,068 km, East Malaysia 2,607 km)<\/p>\n\n\n\n

Maritime claims: continental shelf: 200-m depth or to the depth of exploitation; specified boundary in the South China Sea exclusive economic zone: 200<\/p>\n\n\n\n

Climate: tropical; annual southwest (April to October) and northeast (October to February) monsoons<\/p>\n<\/div>\n<\/div>\n\n\n\n

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Terrain: coastal plains rising to hills and mountains Lowest point: Indian Ocean 0 m Highest point: Gunung Kinabalu 4,100 m<\/p>\n\n\n\n

Natural resources: petroleum and natural gas, timber, tin, iron ore, bauxite, gold, coal<\/p>\n\n\n\n

Land use: arable land: 3% permanent crops: 12% permanent pastures: 0% forests and woodland: 68% other: 17% Irrigated land: 2,941 sq. km<\/p>\n\n\n\n

Natural hazards: floods and landslides are two common hazards<\/p>\n\n\n\n

Environment – current issues: air pollution from industrial and vehicular emissions; water pollution from raw sewage; deforestation; smoke\/haze from neighboring countries forest fires.<\/p>\n<\/div>\n\n\n\n

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Mining Business Guidelines<\/svg><\/span><\/h3>\n
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GUIDELINES TO DOING MINING BUSINESS IN MALAYSIA<\/h3>\n\n\n\n
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OVERVIEW<\/h3>\n\n\n\n

Malaysia is the fourth largest economies in South East Asia. It’s estimated around 32.7 million populations increasingly prosperous, making it a growing market with considerable potential.<\/p>\n\n\n\n

Malaysia is endowed with over 33 different mineral types, comprising metallic, non-metallic and energy minerals, worth several billion dollars in economic potential. It provides a great opportunity to those who see to venture into this area. Trade and trade-related policies remain integral parts of Malaysia’s broad economic development strategy, whose key objectives are economic growth sufficient for the attainment of developed country status.<\/p>\n\n\n\n

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MINERAL POLICY<\/h3>\n\n\n\n

The mining industry comes under the purview of the Ministry of Energy and Natural Resources (KeTSA). However, as mining activity involves land which is State matter, the approval for mining related applications is empowered to the respective States in consultation with the federal agencies under the purview of KeTSA such as the Department of Mineral and Geosciences (DMG). The Federal Government in 1998, established a National Mineral Council (NMC) to coordinate mineral related matters, co-operation between the Federal and State Governments and oversee the overall integrated development on the mineral industry.<\/p>\n\n\n\n

To spearhead the country’s mineral resource industry going forward, the Federal Government has formulated the National Mineral Policy 2 (NMP2) in January 2009, a revised version of the earlier Policy formulated in 1994 The NMP2 provides the foundation for the development of an effective, efficient and competitive regulatory environment for the mineral sector. The thrust of the policy is to expand and diversify the mineral sector through optimal exploration, extraction and utilisation of resources using modern technology supported by Research and Development (R&D).<\/p>\n\n\n\n

The salient features of the NMP2 are the provisions for the security of tenure, high land-use priority for mining, uniform and efficient institutional framework, regulations and guidelines. Under the NMP2, emphasis is also given to rehabilitation, environmental protection, sustainable development and the management of social impacts. The country’s environmental aspects of mine development are regulated by the Environmental Quality (Prescribed Activities) (Environmental Impact Assessment) Order 1987, which is a subsidiary legislation to the Environmental Quality Act of 1974. Under order 1987, a mining lease application for mining leases that are larger than 250 hectares must include and environmental protection plan that is approved by the DOE.<\/p>\n\n\n\n

View National Mineral Policy 2 (NMP2)<\/a>
View National Mineral Industry Transformation Plan (TIM) 2021 \u2013 2030<\/a><\/p>\n\n\n\n

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LEGISLATIONS<\/h3>\n\n\n\n

FORMATION AND ADMINISTRATION OF COMPANIES<\/strong><\/h3>\n\n\n\n

Essential requirements of a company<\/p>\n\n\n\n

A company shall have;<\/p>\n\n\n\n

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  1. A name;<\/li>\n\n\n\n
  2. One or more members, having limited or unlimited liability for the obligations of the company;<\/li>\n\n\n\n
  3. In the case of a company limited by shares, one or more shares; and<\/li>\n\n\n\n
  4. One or more directors.<\/li>\n<\/ol>\n\n\n\n

    Types of companies<\/p>\n\n\n\n

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    1. A company may be incorporated as;\n