PENANG Chief Minister Chow Kon Yeow recently revealed that the state may contain non-radioactive rare earth element (NR-REE) deposits worth an estimated RM87bil based on sampling studies in areas such as Balik Pulau, Bukit Mertajam, Bukit Panchor, and Teluk Bahang.
This news is certainly music to the ears for many Penangites, as it presents a new economic pillar to complement the state’s established tourism and electronics sectors.
