CNMC expects no issue as Kelatan govt review mining application

An aerial view of one part of the CNMC goldmine in Kelantan.
An aerial view of one part of the CNMC goldmine in Kelantan. PHOTO: THE BUSINESS TIMES

SINGAPORE - Malaysia-based gold mining firm CNMC Goldmine has been notified by the Kelantan State Lands and Mines Office to temporarily stop its operations at the Sokor gold field.

The order came on Tuesday (July 19) as part of Kelantan state government's review of CNMC's application for large scale operation status, which will remove the mining amount limitation for its Sokor operations, CNMC said in an announcement on Thursday (July 21).

CNMC added that it has worked closely with the relevant authorities and joint-venture partner Kelantan State Economic Development Corporation to ensure the application meets all the requirements.

"The board is of the opinion that the temporary stop-work order should be lifted in due course," the announcement added.

CNMC shares were last traded at 46 Singapore cents on Tuesday. The company has requested to lift the trading halt.