Kota Kinabalu: Masidi also touched on the gold mining operation which is said to be illegal.
He said the company was granted approval to extend the Mining Operations Certificate in Bukit Mantri, Tawau on April 8, 2024, from the Minerals and Geosciences Department.“The previous certificate expired on Oct 31, 2023, and had not been renewed at that time because the Environment Impact Assessment report had not been submitted.
SPONSORED CONTENT Sabah revenue hits RM6.97 billion: Hajiji says GRS State Government may see full term Kota Kinabalu: The Sabah Government continued its momentum in managing the economy in line with the commitment and spirit of the Sabah Maju Jaya when it posted record high state revenue of RM6.973 billion last year.
“After that date, JTU has implemented a 5pc gold royalty rate calculated based on a copy of the invoice from the operator company to the buyer’s company which has been verified by the appointed licensed Assayer.“The State Government’s position is that gold mining operations in Tawau are legal under the Sabah Mining Ordinance 1960.
“The State Government has also taken steps to update the SOP for collecting royalties and blasting license applications as well as introducing new rules for the approval of the Mining Operations Scheme by the Chief Inspector of Mines.
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