PUTRAJAYA: The Natural Resources and Environmental Sustainability Ministry (NRES), through the National Minerals and Geoscience Department (JMG), has successfully reduced the approval time for the Mineral Licence (Without Storage Premises) from 61 days to just seven days under its Bureaucratic Red Tape Reform (RKB) project.
According to NRES, the reform is expected to lower compliance costs for mineral trading companies by up to 20 per cent, boosting both domestic and international trade and generating an estimated RM1.3mil in annual revenue for the government.
