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Sea Sand Mining & Trading
On 10 January 2019, NAMI Corp., via its wholly-owned subsidiary SBS Mining Corporation Sdn Bhd (“SBS”), in a joint venture with JHW Holdings Sdn Bhd, a private limited company incorporated in Malaysia (“JHW”; and together with SBS and NAMI Corp., the “Group”) received a sea sand mining licence from the Ministry of Water, Land and Natural Resources (Kementerian Air, Tanah dan Sumber Asli). This mining licence is in full force and effect for 3 years until 9 January 2022.
With the approval of the mining licence, the Group is expected to begin its sea sand mining operation in the 1st half of 2019.
Prior to receiving the sea sand mining licence, the Group had initiated a conscientious process in the preparation of Environmental Impact Assessment (“EIA”) report. It had been conducted on an area of 20.57km² located at the coastline of state of Terengganu, Malaysia with the necessary quantitative and qualitative studies of sand resources, hydro-graphic measurement and hydraulic study of computerised models. The full EIA report was a regulatory requirement to ensure mining activities are carried out responsibly as to keep in balance with wildlife and ecosystem within the vicinity of the mining area.
The EIA approval by various authorities as shown in the timeline above signifies the Group’s commitment towards the socio-environment and stringent requirements by all regulatory bodies.
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20 OCTOBER 2023
Received 2nd concession sea sand mining license from Ministry of Energy and Natural Resources (Kementerian Tenaga dan Sumber Asli) (“KeTSA”).
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NAMI Corp., via its wholly-owned subsidiary SBS Mining Corporation Sdn Bhd (“SBS”), in a joint venture with JHW Holdings Sdn Bhd, a private limited company incorporated in Malaysia (“JHW” and together with SBS and NAMI Corp., the “Group”) received the Second concession sea sand mining license No. 0146 from the Ministry of Energy and Natural Resources (Kementerian Tenaga dan Sumber Asli) (“KeTSA”) on 20 October 2023. This mining license remains in effect for 3 years from 20 October 2023 until 19 October 2026.
The 2nd sea mining concession area is 21.10 sq km and has an approved sand volume of 31,650,000 cubic meters (m3). -
2 AUGUST 2023
Received Renewal of its first concession sea sand mining license from Ministry of Energy and Natural Resources (Kementerian Tenaga dan Sumber Asli) (“KeTSA”).
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NAMI Corp., via its wholly-owned subsidiary SBS Mining Corporation Sdn Bhd (“SBS”), in a joint venture with JHW Holdings Sdn Bhd, a private limited company incorporated in Malaysia (“JHW” and together with SBS and NAMI Corp., the “Group”) received the renewal of its first concession sea sand mining license No. 0108 to a New No. 0132 from the Ministry of Energy and Natural Resources (Kementerian Tenaga dan Sumber Asli) (“KeTSA”) on 2 August 2022. This mining license remains in effect for 3 years from 2 August 2022 until 1 August 2025.
The 1st concession area is 20.65 sq km and has an approved dredged sand volume of 32,000,000 cubic meters (m3). -
5 AUGUST 2022
Received renewal of sea sand mining license from Ministry of Energy and Natural Resources (Kementerian Tenaga dan Sumber Asli) (“KeTSA”)
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NAMI Corp., via its wholly-owned subsidiary SBS Mining Corporation Sdn Bhd (“SBS”), in a joint venture with JHW Holdings Sdn Bhd, a private limited company incorporated in Malaysia (“JHW”; and together with SBS and NAMI Corp., the “Group”) received the renewal of its sea sand mining license No. 0108 to a New No. 0132 from the Ministry of Energy and Natural Resources (Kementerian Tenaga dan Sumber Asli) (“KeTSA”) on 2 August 2022. This mining license remains in effect for 3 years from 2 August 2022 until 1 August 2025. -
30 DECEMBER 2020
Received an acceptance contract order value of USD37,500,000-00 to supply sea sand to China, the Shenzhen-Hainan reclamation project from Royal Resources Pte Ltd on 30th December 2020.
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10 JANUARY 2019
Received sea sand mining licence from Ministry of Water, Land and Natural Resources (Kementerian Air, Tanah dan Sumber Asli) (“KATS”)
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14 SEPTEMBER 2018
EIA approval by Department of Mineral and Geoscience Malaysia (Jabatan Mineral dan Geosains Malaysia) (“JMG”)
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2 SEPTEMBER 2018
EIA approval by Department of Environment (“DOE”) (Jabatan Alam Sekitar)
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JULY 2018
Submitted Environmental Impact Assessment (“EIA”)