KUALA LUMPUR: Berjaya Land Bhd (BLand) has formalised a memorandum of understanding (MoU) with Impianan Utara Sdn Bhd to explore rare earth element (REE) mining activities, alongside large-scale agricultural initiatives involving Napier hybrid grass and Blackthorn durian cultivation in Perlis.
According to a statement issued by BLand, the collaboration will be carried out in partnership with Menteri Besar Inc (MBI) Perlis, the state’s investment arm. This strategic alliance aligns with BLand’s broader ambitions to diversify into the rare earths sector, with a focus on the exploration and development of rare earth elements and other strategic minerals within the northern state.
The company highlighted that Impianan Utara has already secured the necessary approvals at the state level, facilitated through its partnership with MBI Perlis. This approval provides the foundation for the commencement of exploration and potential commercial development in the rare earths segment.
In addition to mining activities, the joint venture will oversee the development of a large-scale plantation project. This agricultural initiative will involve the cultivation of Napier hybrid grass, a high-yield fodder crop, as well as the premium Blackthorn durian, a variety prized in both domestic and export markets.
BLand stated that the collaboration marks a significant step in expanding its portfolio into strategic resource and agribusiness sectors, supporting state-level development goals in Perlis.
-The Star
