Terengganu: No MoU with Chinese company to mine iron ore


KUALA TERENGGANU: The state go­vernment says it is not involved in an MoU between China-based CAA Resources and a local firm to mine iron ore here.

It was alleged that CAA Resources, through local firm Capture Bukit Besi Sdn Bhd, had signed an MoU last year in which the latter would acquire 60% of Red Sun Resources Sdn Bhd.

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