In a groundbreaking announcement, the Sarawak state government has unveiled a staggering find: mineral resources estimated to be worth RM1.25 trillion. These riches, which include gold, rare earth elements, bauxite, and other precious metals, were discovered through extensive geological surveys covering 32% of Sarawak's sprawling 12.4 million hectares.
Deputy Premier Datuk Amar Awang Tengah Ali Hassan shared the exciting news, expressing optimism about further discoveries as plans are underway to expand surveys across an additional 30% of the state. This ambitious effort is fueled by Sarawak's vast land area and promising initial survey results.
Amar Awang emphasized the state's commitment to harnessing cutting-edge mining technologies, inspired by a recent fact-finding mission to Canada renowned for its mining expertise. The integration of these advanced technologies aims to maximize the extraction and utilization of Sarawak's newfound mineral wealth.
Historically, significant gold deposits were confined to the Bau district, a short drive southwest of Kuching. However, recent discoveries have uncovered substantial gold deposits in the Sri Aman district, approximately 2.5 hours east of Kuching. These discoveries underscore the potential for Sarawak to become a prominent player in the global minerals market.
The state's mineral exploration initiative is part of a broader development strategy that includes the construction of 10 new hydroelectric dams. These infrastructure projects are poised to bolster Sarawak's economic growth and resource sustainability.
The valuation of Malaysia's mineral resources, including Sarawak's latest discoveries, underscores their immense economic potential. Malaysia's mineral resources were previously estimated at RM4.1 trillion, encompassing metallic minerals, non-metallic minerals, and coal.
Local stakeholders have expressed concerns about the transparency and equitable distribution of benefits from Sarawak's newfound mineral wealth. There is a strong sentiment among Sarawakians for clear governance and accountability to ensure that these resources contribute to sustainable development and benefit local communities.
In summary, Sarawak's revelation of its vast mineral resources presents a transformative opportunity for economic advancement. With strategic planning, responsible management, and community-focused initiatives, these resources have the potential to propel Sarawak into a new era of prosperity and sustainable development.
Source: Sarawak Discovers RM1.25 Trillion Worth Of Gold, Rare Earths & Precious Metals
