Business
Our goal is to be a great Malaysian mining company: Fortress Minerals CEO
By Beansprout  •  November 14, 2024
Ivan Chee, chief executive officer of iron ore producer Fortress Minerals, shares how it is innovating and diversifying into copper, a key material in green technologies, for its next stage of growth For Malaysian mining and iron ore producing company Fortress Minerals, the industrial boom since the end of the Covid-19 pandemic has been good for business. The firm supplies iron ore to steel mills to make various products, and currently sells over 600,000 wet metric tonnes (WMT) of iron ore per year. “We are in the close vicinity of two major steel mills in Malaysia which gives us significant advantage including cost saving by means of logistic optimisation. The said mills and the industry in general are increasing their production capacity because of the surge in demand after the pandemic. There is an increasing need for iron ore, especially high-grade ore, our specialty as the industry sees growing focus on decarbonisation. The demand is so high that we...
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By Beansprout
Hi, I’m Gerald! I have been working in investment analysis for more than 12 years. Often, I encounter everyday investors who find it difficult to invest. At Beansprout, we believe that with the right tools and knowledge, everyone can be an investor. Hence, we founded Beansprout to make quality investment insights more accessible. We hope that you can join us on this journey to grow your financial knowledge and confidence as an investor.
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