The Company always strives to develop its tin and other mineral businesses, such as Rare Earth Element project. Rare Earth Element is gangue mineral obtained from tin ore mining which has great advantage.
Rare Earth Element high demand in the market has encouraged the Company to focus on producing it. Situated in Tanjung Ular Bangka, the project is expected to commence in 2015 and be able to provide significant contribution as the Company’s income.
The rare earth element produced by the Company is in the form of Hydroxide with the production capacity of 50kg/day with the price up to US$230/kg. One of its advantages is that it can be used as raw material of electronic products such as TV screen, laptop, handphone, etc.