The company plans to expand into gold mining so as to diversify its earnings base.
Pahang-based iron miner Southern Alliance Mining has reported earnings of RM16.3 million for FY2022 ended July, down 89% y-o-y.
Revenue in the same period was down 53.9% y-o-y to RM178.7 million, in line with a softer global market for iron ore and lower production volume.
