SUMATEC

Formation of Malaco Mining Sdn Bhd. in 2005. Under the leadership of an experienced miner, H.K. Sia, the mining team comprises experts from Zambia, Philippines, South Africa and Malaysia.
Similar to oil and gas, mineral is a depleting commodity. Base metal price has increased many folds due to depleting mineral reserve (gold price has increased by 88% over the last five years, copper by 200% over the same period).
Other than tin mining, no active mining company in operation now in Malaysia. Early start to a niched market.
Malaco to engage in hard rock mining for gold and copper using floatation technology, better rate of recovery as compared to alluvial mining.
Reduce foreign exchange loss by marketing copper and gold in local Malaysian market.
Government Incentive (@ 2003)
- Pioneer status - 70% income tax exemption for 5 years (Eastern Corridor States of Peninsular Malaysia only)
- Duty exemption for imported machineries, equipment and raw materials
- Investment tax allowance of 80% on capital expenditure for 5 years (Eastern Corridor States of Peninsular Malaysia only)

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Currently, Malaco has 3 mining projects in hand :
- A copper mine at Mengapur, Pahang, Malaysia. Civil work for the installation of a 500,000 tpa floatation plant has started, commissioning is expected in March 2006 to attain a production target of 4,000 tonnes copper-in-concentrate per year.
- A gold mine at Lubuk Mandi, Terengganu, Malaysia by using a combination of floatation technology and a Carbon-in-Leach plant to recover gold. The mine is expected to pour its first bullion bar in January 2006
- An iron ore prospect in the Northern Cape Province of the Republic of South Africa. initial exploration revealed the presence of at least 3 million tonnes of high grade detrital ore with a substantial amount of primary resources. The target is to achieve a production of 1 million tonnes iron ore per year beginning 2006.