Delaysia "roundtable" RE

MGBF to host roundtable on Future of Rare Earth Industries In Malaysia



Last update: 04/07/2019

KUALA LUMPUR, July 4 (Bernama) -- The Malaysia Global Business Forum (MGBF) will organise a high-level roundtable to discuss “The future of the Rare Earth Industries in Malaysia”, on July 10.

In a statement today, MGBF said the discussion would include policy makers, industry players, government linked corporations, government development agencies, academics and other stakeholders to assist with charting a strategic direction and recommended next steps.

One of the roundtable speakers, MARA Corporation chairman Akhramsyah Muammar Ubaidah Sanusi said, Malaysia needs to develop the right ecosystem to ensure the success and high value local participation in future high-tech government initiatives such as aerospace and the third national car.

MARA Corporation is the private sector arm of a leading economic development agency for Bumiputeras in Malaysia.

“Building on Lynas' strategic position as the only rare earth plant outside of China, MARA Corporation, as part of MARA's mandate to pursue economic development, is keen to collaborate in building the human resource base, pursue rare earth-based technology development and of course the investment opportunities presented.

“In addition, we look forward to building on the already significant Bumiputera participation in rare earth processing through Lynas, where more than 90 per cent of the staff are Malays, including technologists and operators at the cutting edge of the sciences involved,” he added.

For more information, visit www.MalaysiaGlobalBusinessForum.com.

Can't believe it's taken them this long, guess we have to hold the cynicism, potentially a very positive development if it becomes something more than a **fest. At least should generate some positive local PR around the massive potential Lynas presents Malaysia.