Malaysian government plans to develop a National Mineral Policy within three months in accordance with the current standard operating procedures for rare earth mining, Deputy Prime Minister Datuk Seri Fadillah Yusof has announced.
Deputy Prime Minister Datuk Seri Fadillah Yusof's press conference after the Second National Mineral Council Meeting (MMN2) at Implementation Coordination Unit, Prime Minister’s Office.(Photo: thestar.com.my)
Kuala Lumpur (VNA) – Malaysian government plansto develop a National Mineral Policy within three months in accordance with thecurrent standard operating pr⛎ocedures for rare earth mining, Deputy PrimeMinister Datuk Seri Fadillah Yusof has announc꧒ed.
Speaking at the Second National Mineral CouncilMeeting (MMN2) at the Prime Minister’s Office in Kualua Lumpur on May 8, the official said that the policy is aimed at managing the nation’smineral resources responsibly, balancing economic and revenue needs withenvironmental sustainability. Fadillah said the Federal Government is in the processof forming a task force to resolve the illegal mining problem. The formation of the task force will involve partiesfrom various technical departments and enforcement agencies at the federal andstate levels, he added. A study by the Departmentof Minerals and Geology of Malaysia shows that the potential contributionof mineral resources to the national budget is huge, with estimated reservesamounting to 4.11 trillion MYR (926 billion USD), especially are metallicminerals (1.03 trillion MYR), and non-metallic minerals (2.96 trillion MYR)./.
Malaysia had the fifth-highest increase in gold reserves in the last decade, increasing 6.84% to 38.88 tonness from 36.39 tonnes, according to City Index using data from 2013 to 2022 of the World Gold Council.
Malaysia can continue to bank on its strong bilateral trade and investment linkages, especially within ASEAN, to boost its trade as well as take advantage of various trade pacts such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), said a Malaysian scholar.
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Talking to the Vietnam News Agency on the occasion of the 100th anniversary of the Vietnam’s Revolutionary Press Day (June 21, 1925–2025), Nikulina, who is also a veteran journalist of Russia’s Sputnik News, emphasised the vital role of mainstream journalism in defending the truth and maintaining public trust.
Deputy Prime Minister Datuk Seri Fadillah Yusof's press conference after the Second National Mineral Council Meeting (MMN2) at Implementation Coordination Unit, Prime Minister’s Office.(Photo: thestar.com.my) 
