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Malaysian miner Fortress Minerals seeking S$15m Catalist listing

Published Tue, Mar 19, 2019 · 09:50 PM
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Singapore

MALAYSIAN iron ore miner Fortress Minerals is seeking a S$15 million listing on Singapore's Catalist board to expand its mining resources.

It currently relies on one Bukit Besi mine in Terengganu, Malaysia, to produce high-grade iron ore concentrate for customers - mainly, steel mills and trading companies in China and Malaysia. Iron ore concentrate is a feedstock in the process of making steel.

Specifically, the firm now produces 40,000 wet metric tonnes (wmt) of iron ore concentrate from three depo…

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