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Southern Alliance Mining Ltd. ( (SG:QNS) ) has issued an announcement.
Southern Alliance Mining Ltd. announced that work suspension orders imposed on its 40%-owned joint operation associate, MCRE Resources Sdn Bhd, have been lifted by Malaysia’s Minerals and Geoscience Department and the Department of Environment as of 15 January 2026, allowing operations to resume. The suspension had arisen from multiple non-compliances related to erosion and sedimentation control, deviations from approved workflows, reporting requirements, waste management, and environmental management planning, but the company emphasized that these issues were entirely unrelated to the widely reported Sungai Perak water discolouration incident in late 2025, and that comprehensive remedial measures have now been implemented to satisfy regulatory requirements and restore operational continuity.
More about Southern Alliance Mining Ltd.
Southern Alliance Mining Ltd. is a leading Malaysian producer of high-grade iron ore, operating through a group structure that includes joint operations such as its 40%-owned associate MCRE Resources Sdn Bhd. The company is focused on iron ore mining and related activities in Malaysia, positioning itself as a key supplier within the regional steel and commodities markets.
Average Trading Volume: 62,680
Technical Sentiment Signal: Hold
Current Market Cap: S$292.9M
See more data about QNS stock on TipRanks’ Stock Analysis page.