Array
(
    [_edit_lock] => Array
        (
            [0] => 1700987636:21
        )

    [tdc_dirty_content] => Array
        (
            [0] => 1
        )

    [tdc_icon_fonts] => Array
        (
            [0] => a:0:{}
        )

    [_edit_last] => Array
        (
            [0] => 21
        )

    [_post_language] => Array
        (
            [0] => English
        )

    [_molongui_author] => Array
        (
            [0] => guest-97702
        )

    [_molongui_main_author] => Array
        (
            [0] => guest-97702
        )

    [td_post_theme_settings] => Array
        (
            [0] => a:2:{s:14:"td_primary_cat";s:3:"599";s:11:"td_subtitle";s:104:"The new rate will be collected if these minerals become the key ore deliverable of Kedah's mining sector";}
        )

    [_yoast_wpseo_primary_category] => Array
        (
            [0] => 599
        )

    [_yoast_wpseo_metadesc] => Array
        (
            [0] => The Kedah state government has set a 15% royalty rate from the mining of rare earth elements (REE) in the state starting next year.
        )

    [_yoast_wpseo_content_score] => Array
        (
            [0] => 60
        )

    [_yoast_wpseo_estimated-reading-time-minutes] => Array
        (
            [0] => 2
        )

    [_yoast_wpseo_wordproof_timestamp] => Array
        (
            [0] => 
        )

    [post_views_count] => Array
        (
            [0] => 385
        )

    [_thumbnail_id] => Array
        (
            [0] => 139143
        )

    [post_views_count_7_day_arr] => Array
        (
            [0] => a:7:{i:0;a:2:{s:4:"date";i:0;s:5:"count";i:0;}i:1;a:2:{s:4:"date";i:0;s:5:"count";i:0;}i:2;a:2:{s:4:"date";i:0;s:5:"count";i:0;}i:3;a:2:{s:4:"date";i:0;s:5:"count";i:0;}i:4;a:2:{s:4:"date";i:0;s:5:"count";i:0;}i:5;a:3:{s:4:"date";s:10:"1751100288";s:5:"count";i:1;s:14:"per_hour_count";a:1:{i:8;i:1;}}i:6;a:2:{s:4:"date";i:0;s:5:"count";i:0;}}
        )

    [post_view_7days_last_day] => Array
        (
            [0] => 5
        )

    [post_views_count_7_day_last_date] => Array
        (
            [0] => 1751100288
        )

    [post_views_count_7_day_total] => Array
        (
            [0] => 1
        )

    [post_views_last_24_hours] => Array
        (
            [0] => 1
        )

    [post_views_last_48_hours] => Array
        (
            [0] => 1
        )

)
Kedah’s rare earth elements royalty rate at 15% starting in 2024: Sanusi | Scoop
Kedah has the potential to carry out rare earth mining with an estimated 250,000 tonnes by the Department of Minerals and Geoscience. – Pixabay pic, November 26, 2023
News

Kedah’s rare earth elements royalty rate at 15% starting in 2024: Sanusi

The new rate will be collected if these minerals become the key ore deliverable of Kedah's mining sector

Bernama
Updated
4:33 PM MYT

 

ALOR SETAR – The Kedah state government has set a 15% royalty rate from the mining of rare earth elements (REE) in the state starting next year.

Menteri Besar Datuk Seri Muhammad Sanusi Md Nor said this is a new rate which will be collected if REE becomes the key ore deliverable of Kedah’s mining sector.  

“To ensure that this new revenue will bring full benefits to the people, for 2024, the Kedah state land administration has planned revenue collection from the point of view of viability of revenue collection or the most viable source of government revenue for the future.

“Following the approval of the REE exploration, the state government expressed its gratitude to the federal government for providing Kedah the opportunity to be selected as the second pilot project after Perak,” he said when tabling the Kedah Budget 2024 during the Kedah state assembly session at Wisma Darul Aman, here today.

Muhammad Sanusi said the pilot project selection had placed Kedah as a state with the potential to carry out REE mining with an estimated 250,000 tonnes by the Department of Minerals and Geoscience, compared with the state’s total REE reserves amounting to 1.2 million tonnes.

“This figure is an exploration of new (revenue) source that will be extracted in the next 10 years.

“We hope that the potential revenue which will bring a huge impact on the state’s economy will be managed efficiently, reliably and fairly for all parties, especially the people of Kedah,” he said. 

Meanwhile, when met after the budget tabling, he said the state government hoped the sector would start generating revenue by mid-2024, based on an extraction approval granted since August 2022. – November 26, 2023

Topics

 

◉ Popular

Last of the Kaamatan Bobohizan: traditions fade away as modernisation, other religions overshadow ancient rituals

As Sabah celebrates harvest festival, the cultural heritage of the Bobohizan priests is at risk, with few facing a battle to preserve their dying traditions

Muslim NGOs call on OIC to issue solidarity note for Palestinian fighters

Four Muslim non-governmental organisations (NGOs) have called upon the Organisation of Islamic Cooperation (OIC) to convene an emergency meeting to issue a solidarity note to the freedom fighters of Palestine.

[UPDATED] SMART Tunnel now reopened after flash flood closure

Areas in the Klang Valley are once again experiencing flash floods, with at least one road leading towards the SMART Tunnel being closed off due to rising water levels after heavy downpour.  

◉ Related

Copyright © 2023. All rights reserved.