STATE TO GAIN FROM QHAZANAH SABAH’S VENTURE INTO RIVER SAND MINING IN KOTA BELUD
STATE TO GAIN FROM QHAZANAH SABAH’S VENTURE INTO RIVER SAND MINING IN KOTA BELUD
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The State and in particular Kota Belud folk will stand to gain from a systematic and sustainable approach of river sand mining in the northern district thanks to Qhazanah Sabah Bhd (QSB).
The State Government’s investment arm has teamed up with a firm, Warisan Cekal Bistari Sdn Bhd (WHC), to set up a special purpose vehicle namely WH Cekal Bersepadu Sdn Bhd (WHCB), to become an entity that pioneer a systematic method managing the river sand mining in Kota Belud.
Chief executive officer of WHCB Tuan Haji Mohd Amin bin Bustamin said apart from devising a systematic approach covering end-to-end operations of river sand extraction and mining, the company would also come up with effective solutions for flood mitigation incidents in area of extraction.
“Our vision is to empower the Sabah State Government into becoming a key player in the mining of natural resources by systematically increasing the economies of scale for upstream materials to be supplied to regional and international markets,” he said at the launching of the company at its premises at Grace Square in Sembulan on Friday (19 Nov).
He said it was also WHCB’s aim to utilise its revenue to continue towards bettering the socioeconomic level of residents in Kota Belud by way of Corporate Social Responsibility (CSR) initiatives.
ISSUED BY QHAZANAH SABAH BERHAD
CORPORATE AND MEDIA COMMUNICATION DIVISION
19TH NOVEMBER 2021
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The State and in particular Kota Belud folk will stand to gain from a systematic and sustainable approach of river sand mining in the northern district thanks to Qhazanah Sabah Bhd (QSB).
The State Government’s investment arm has teamed up with a firm, Warisan Cekal Bistari Sdn Bhd (WHC), to set up a special purpose vehicle namely WH Cekal Bersepadu Sdn Bhd (WHCB), to become an entity that pioneer a systematic method managing the river sand mining in Kota Belud.
Chief executive officer of WHCB Tuan Haji Mohd Amin bin Bustamin said apart from devising a systematic approach covering end-to-end operations of river sand extraction and mining, the company would also come up with effective solutions for flood mitigation incidents in area of extraction.
“Our vision is to empower the Sabah State Government into becoming a key player in the mining of natural resources by systematically increasing the economies of scale for upstream materials to be supplied to regional and international markets,” he said at the launching of the company at its premises at Grace Square in Sembulan on Friday (19 Nov).
He said it was also WHCB’s aim to utilise its revenue to continue towards bettering the socioeconomic level of residents in Kota Belud by way of Corporate Social Responsibility (CSR) initiatives.
ISSUED BY QHAZANAH SABAH BERHAD
CORPORATE AND MEDIA COMMUNICATION DIVISION
19TH NOVEMBER 2021