SINGAPORE (May 16): CNMC Goldmine Holdings, which has three mining concessions in Kelantan, appears to be unaffected by the recent outcome of the general elections held in Malaysia.

Though the Federal government has now turned power over to Pakatan Harapan, the state government in Kelantan has returned control to Parti Islam SeMalaysia – better known as PAS – who has ruled the state for more than two decades now.

“We believe business is as usual. The mining sector in Malaysia is still governed by [individual] state governments,” CNMC CEO Chris Lim tells The Edge Singapore by phone.

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