Asian Metal visits Good Man Venture, Magic Millions Mining, and Seng Hiap Metal in Malaysia
2015-09-17 22:27:48 [Print]
BEIJING (Asian Metal) 17 Sep 15 - On September 14, 2015, Mr. Friday Gao, Base Metals Department Manager of Asian Metal visited Good Man Venture Sdn Bhd, Magic Millions Mining Sdn Bhd and Seng Hiap Metal Sdn Bhd in Malaysia.
In the afternoon, Mr. Gao firstly met Mr. Kong Why Sing, executive director of Good Man Venture, and Steven Lim, a director from Magic Millions Mining. According to Mr. Kong, his company started exporting bauxite in last August with a volume of about 300,000t per month from three mines. Currently, it has engaged in washing ores and is able to supply high grade bauxite Al 47-48%min Si 3%max with a volume of 40,000-50,000t per month. But Mr. Kong pointed out that ore washing rate in Malaysia is low in general - only 3t of high grade bauxite can be produced out of 10t of crude ore. Also the speed of ore washing is mainly restrained by supply of crude ore.
From left: Mr. Friday Gao from Asian Metal, Mr. Kong Why Sing from Good Man Venture and Mr. Steven Lim from Magic Millions Mining
On the afternoon of September 16, Mr Gao paid a visit to Mr C.N. Seah, CEO of Seng Hiap Metal. The company began supplying bauxite, mainly crude ore, in early 2015 with a volume of around 300,000t per month. According to Mr Seah, because low grade crude ore can meet Chinese buyers’ demand and washing ore is inefficient, so they have no intention of washing bauxite.
Mr C.N. Seah from Seng Hiap Metal and Mr Friday Gao from Asian Metal
In the afternoon, Mr. Gao firstly met Mr. Kong Why Sing, executive director of Good Man Venture, and Steven Lim, a director from Magic Millions Mining. According to Mr. Kong, his company started exporting bauxite in last August with a volume of about 300,000t per month from three mines. Currently, it has engaged in washing ores and is able to supply high grade bauxite Al 47-48%min Si 3%max with a volume of 40,000-50,000t per month. But Mr. Kong pointed out that ore washing rate in Malaysia is low in general - only 3t of high grade bauxite can be produced out of 10t of crude ore. Also the speed of ore washing is mainly restrained by supply of crude ore.
From left: Mr. Friday Gao from Asian Metal, Mr. Kong Why Sing from Good Man Venture and Mr. Steven Lim from Magic Millions Mining
On the afternoon of September 16, Mr Gao paid a visit to Mr C.N. Seah, CEO of Seng Hiap Metal. The company began supplying bauxite, mainly crude ore, in early 2015 with a volume of around 300,000t per month. According to Mr Seah, because low grade crude ore can meet Chinese buyers’ demand and washing ore is inefficient, so they have no intention of washing bauxite.
Mr C.N. Seah from Seng Hiap Metal and Mr Friday Gao from Asian Metal
Bauxite Malaysian 40%min CIF China
Unit:USD/dt
Africa bauxite producers' inventory statistics by country by month
Unit: 10,000mt
