Southern Alliance Mining Resumes Associated Rare Earth Operations After Malaysian Authorities Lift Suspension

Southern Alliance Mining Ltd. ( (SG:QNS) ) has issued an update.

Southern Alliance Mining Ltd. announced that Malaysian authorities have withdrawn temporary suspension orders on the rare earth elements mining operations of its associated company, MCRE Resources Sdn Bhd, in Hulu Perak, Perak. The suspension had followed a water discoloration incident in Sungai Perak, prompting investigations by the Minerals and Geoscience Department and the Department of Environment, which uncovered a series of technical and procedural non-compliances concerning erosion and sedimentation controls, deviations from approved workflows, and administrative and environmental reporting matters. The company emphasized that these non-compliances were unrelated to the water discoloration incident and confirmed that all issues have been rectified to the satisfaction of the authorities, allowing operations to resume and reducing regulatory uncertainty for the group’s rare earth mining activities.

More about Southern Alliance Mining Ltd.

Southern Alliance Mining Ltd., incorporated in Singapore, operates in the mining sector, with interests that include rare earth elements (REE) through its associated company MCRE Resources Sdn Bhd in Hulu Perak, Malaysia. The group is involved in mineral resource extraction and related environmental and operational management within the Malaysian mining industry.

Average Trading Volume: 62,680

Technical Sentiment Signal: Hold

Current Market Cap: S$292.9M

For an in-depth examination of QNS stock, go to TipRanks’ Overview page.