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$100 million Iron Mine Planned.

Bukit Ibam Mine in History

In 2 November, 1953, The Straits Times, reported that Malaya’s biggest mining development – a $100 million project to tap East Pahang’s iron ore deposits will be undertaken by locally registered British-owned Eastern Mining Metal Company.

Negotiations were held in London between EMMCO and the Chartered Bank and Hong Kong and Shanghai Bank for the $100 million capital to open up the mine.

Prospecting in the hilly country that went over two years reported that more than 25 million tons of high grade iron ore deposited in the area. The area was near Kampong Kuala Aur, about 50-mile west of Kuala Merchong, between the river Jeram and the river Rompin.

The Straits Times, November 2, 1953.

EMMCO plans to spend about 430 million on a 50-mile railway from the mine to the sea and by 1955 the mine will employ up to 3,000 workers.

The ore will be shipped to Britain, United States and other countries. About 2,000 acres of land has been leased to EMMCO by the Pahang Government. The company hopes eventually to secure a lease for about 9,000 acres.

mamadou

One response to “$100 million Iron Mine Planned.

  1. Awang March 27, 2011 at 5:09 am

    Landmark yang hebat..Thanks for sharing.

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