Malaysia was once the world’s largest tin producer and its mining industry suffered considerably after the price of tin crashed in the mid 1980s, forcing the closure of many of the country’s tin mines. That said, Malaysia does have significant mineral resources beyond tin, though the industry today remains relatively small comparative to its supposed potential. A variety of metallic, non-metallic and energy minerals may be found in the country, including copper, gold, bauxite, ilmenite, iron, feldspar, limestone, kaolin, tin, mica, zircon and silica sand. It is also the second-largest oil and natural gas producer in South East Asia. According to Malaysia’s National Mining Policy, the government is focused on ensuring that the mining industry is globally competitive and a strong contributor to the country’s economic development. In this regard, Malaysia has set out various objectives, including the sustainable development and optimum utilisation of its mineral resources, the promotion of environmental stewardship and the enhancement and advancement of the sector on a global scale.
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