PROPOSED OPERATIONAL MINING SCHEME FOR IRON ORE ON LOT 557, PML 07/2012 AT MUKIM PASIR PANJANG, DISTRICT PORT DICKSON, NEGERI SEMBILAN - KUALA LUMPUR FOREMOST ESTATE SDN BHD JULAI 2012 - 22

"The mining license for Lot 557 is approved for the duration of two (2) years only. However, the estimated reserve and the expected operation life on this land estimated to be 3 years. Therefore, the operator and the landowners are expecting for the soonest approval of ""Operational Mining Scheme"" in order to commence the mining extraction on these proposed PML area. As we know, the world demand for iron ore is increasing, the available and potential iron ore materials on PML 7/2012 can be marketed profitably. This will help the landowner and project operator in terms of income as well as benefit the state government in terms of royalty and taxation.
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--BIJIH BESI