Account

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Listings and IPOs on Bursa Malaysia for Mining and Oil and Gas Companies
Feizal Mustapha Executive Director, Advisory BDO Malaysia

21 August 2013

Asian Mining and Energy Investment Forum 2013 Shangri-La Hotel, Kuala Lumpur

Mining and Oil & Gas Listings on Bursa Malaysia
Listed Mining Companies
• Malaysia Smelting Corporation Bhd
• On 23 July 2013, Kinsteel Bhd obtained exclusive rights with KDYMM Sultan of Pahang to carry out mining operation of all types of iron ore and other minerals at Kuala Lipis

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• Perwaja Holdings Bhd’s mining venture is still pending the final official award of iron ore mining concession in Bukit Besi from the Terengganu state government • Previous listed mining companies that have changed their core business:

Listed Oil & Gas Companies

Selangor Dredging Bhd Kuchai Development Bhd

MMC Corporation Bhd Petaling Tin Bhd

Exploration & Production Support Services (engineering, procurement, offshore drilling, equipment etc)
24 companies Shell Refining Company (Federation of Malaya) Bhd - one of the few listed in 1960s On 29 July 2013, UMW Oil & Gas Corporation Bhd received approval to list
Listings and IPOs on Bursa Malaysia for Mining and Oil and Gas Companies Page 2

Mining and Oil & Gas Listings on Bursa Malaysia (Cont’d)
No. of New IPOs for Oil & Gas Related Companies
8 6 4 2 0 2 2 No. of New IPOs 4 5 8

Source: Bloomberg
Listings and IPOs on Bursa Malaysia for Mining and Oil and Gas Companies Page 3

Dearth of Mining Companies?
• There are many non-listed mining companies…
Iron Ore

Ibam Mining Sdn Bhd

Tajau Makmur Sdn Bhd Vetill Minerals Sdn Bhd

Terengganu Anshan Iron & Steel Sdn Bhd HWG Tin Mining Sdn Bhd (part of Ho Wah Genting Bhd: Bursa) S.E.K. (M) Sdn Bhd Rahman Hydraulic Tin Sdn Bhd (part of Malaysia Smelting Corporation Bhd: Bursa) Raub Australian Gold Mining Sdn Bhd...