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KUCHING, July 26: Australia’s Latrobe Magnesium has selected Sarawak to establish its low carbon emission magnesium plant valued at RM3 billion at Samalaju Industrial Park in Bintulu.
The Australian firm’s chief executive officer (CEO) David Peterson conveyed this investment decision during a courtesy call on Deputy Premier Datuk Amar Awang Tengah Ali Hasan today.
According to a press statement, the proposed project aims to produce 100,000 tonnes of magnesium annually.
The decision to invest in Sarawak was influenced by several of the region’s competitive advantages, particularly its abundant green hydropower and well-developed infrastructure.
Awang Tengah, who also serves as the Minister of International Trade, Industry and Invesment (Mintred), expressed his warm welcome to Latrobe Magnesium and assured them of the government’s full support in facilitating their investment.
The initiative aligns with the Post-Covid Development Strategy (PCDS) 2030, especially in its commitment to promoting environmental sustainability, which is a crucial aspect of the project.
Deputy Mintred Minister Datuk Dr Malcolm Mussen Lamoh, Regional Corridor Development Authority (Recoda) chief operating officer Datu Ismawi Ismuni as well as representatives from Economic Planning Unit (EPU) Sarawak, Petros, Sarawak Energy and Samalaju Industrial Port were among those present.
In another productive meeting, Awang Tengah discussed oil and gas exploration in Sarawak when receiving a courtesy visit from Petronas chairman Tan Sri Mohd Bakke Salleh.
The meeting was also attended by Deputy Sarawak Secretary Datuk Abdullah Zaidel, State Attorney Dato Sri JC Fong, permanent secretary to the Ministry of Natural Resources and Urban Development Datu Zaidi Mahdi, Mintred advisor Dato Naroden Majais and Petros CEO Janin Girie. — DayakDaily
