Southern Alliance Mining Ltd.
SSGX:QNS0.41
SGD
-0.01
(-2.41%)
ISIN
SGXE41674636
Return %
Stock
S&P 500
1Y
-4.71
14.20
3Y
-40.00
81.12
5Y
-49.69
68.34
Capital Structure
MYR
•
in mil. unless spec.Working Capital
MYR
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in mil. unless spec.Growth Rates
MYR
•
in mil. unless spec.Semi-annual Revenue
MYR
•
in mil. unless spec.Semi-annual Earnings Per Share
MYR
•
in mil. unless spec.Semi-annual Dividends Per Share
MYR
•
in mil. unless spec.Company Description
- CEO
- Kok Sam Pek
- Full Time Employees
- 169
- Sector
- Non-energy minerals
- Industry
- Steel
- Address
- Kuantan Malaysia
- IPO Date
- Jun 26, 2020
- Website
- southernalliancemining.com
- Similar Companies
- Business
- Southern Alliance Mining Ltd. is an investment holding and mineral resources company primarily engaged in the exploration, mining, processing, and sale of iron ore, critical minerals, and precious metals. Incorporated in 2019 with operational origins dating back to 2001, the company is headquartered in Kuantan, Pahang, Malaysia, with its registered corporate office in Singapore, and operates through principal subsidiaries including Honest Sam Development Sdn. Bhd., SAM Advance Minerals Holding Sdn. Bhd., Sumber Alam Minerals (Sabah) Sdn. Bhd., and Selatan Anjung Minerals Sdn. Bhd. The company operates across mineral extraction, processing, and exploration segments, offering a portfolio of products that includes high-grade iron ore concentrate with iron grades ranging between 62% and 65% Fe for supply to domestic and international steel manufacturers and commodity traders; crushed iron ore and iron ore fines utilized as heavy aggregates and high-density ballast materials for subsea pipeline weight coating in the oil and gas sector; exploration and prospective mining of lode and alluvial gold deposits; and extraction of ionic adsorption clay-hosted rare earth elements for clean energy and high-technology industries. The company's primary iron ore production asset is the Chaah Mine located in Johor, Malaysia. In recent strategic developments, Southern Alliance Mining has accelerated its operational diversification into critical minerals and precious metals to build a multi-commodity asset base. The company acquired a 40% equity interest in MCRE Resources Sdn. Bhd., the operator of the Gerik rare earth mine in Perak, Malaysia, which utilizes sustainable in-situ leaching technology to extract ion-adsorption clay rare earth minerals. To expand its critical minerals presence globally, the company entered into a strategic collaboration agreement with ASX-listed Brazilian Critical Minerals to identify and evaluate rare earth element production opportunities, alongside advancing the proposed acquisition of the Paramount Synergy greenfield rare earth project in Johor. In its precious metals division, the company executed a Memorandum of Understanding with the Department of Mineral and Geoscience Malaysia to utilize institutional geoscience data and advance exploration at the Tenggaroh gold prospect in Johor, while advancing the transition of mining operations at its flagship Chaah Mine from open-pit extraction toward underground mining to extend mine life and maximize resource efficiency.