Overview

Fortress Minerals Group is a leading iron ore concentrate producer in Malaysia, renowned for our culture, innovation and ground-breaking development of infrastructure and mining assets in Bukit Besi, Malaysia. We take pride in our long-standing relationship with customers in China, establishing ourselves as an efficient supplier of iron ore concentrate into the powerhouse.


Milestones


2016
  • Awarded exclusive mining rights on Bukit Besi Mine
  • Magnetic survey and metallurgical testing
  • Planning & design of mine infra and processing plant

2017
  • JORC drilling campaign on East, Valley & West Deposits
  • Construct mine infra & a 1.2 Mtpa throughput capacity processing plant
  • Blasting and excavation of over-burden to open up mine pit
  • Entry of Selangor Dredging Bhd, an established Bursa listed property developer with 35% equity interest

2018
  • Exporting iron ore concentrate with TFe 67% to the PRC since Apr 2018
  • Maiden JORC indicated & inferred reserve of 5.41 Mt in East, Valley & West Deposits, on surface area of 4.71% of 526.2 ha in Bukit Besi Mine
  • Off-take arrangement with an established customer in the PRC

2019
  • Completed IPO on Catalist board of SGX-ST and became the first listed iron ore mining company on SGX-ST
  • S$15.0 million gross proceeds raised with the aim of increasing minerals resources and processing capabilities